2014 Q4 Form 10-K Financial Statement

#000119312515072564 Filed on March 02, 2015

View on sec.gov

Income Statement

Concept 2014 Q4 2013 Q4 2013 Q3
Revenue $53.06M $96.09M $86.06M
YoY Change -44.78% -16.4% -5.34%
Cost Of Revenue $53.70M $52.50M $57.10M
YoY Change 2.29% 1.55% 68.93%
Gross Profit $21.30M $63.90M $48.50M
YoY Change -66.67% -12.7% -25.84%
Gross Profit Margin 40.14% 66.5% 56.35%
Selling, General & Admin $3.700M $4.600M $4.400M
YoY Change -19.57% -4.17% 18.92%
% of Gross Profit 17.37% 7.2% 9.07%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $9.300M $9.200M $50.00M
YoY Change 1.09% 16.46% 56.52%
Operating Profit $12.00M $54.70M -$1.500M
YoY Change -78.06% -16.23% -104.48%
Interest Expense $19.50M
YoY Change 135.41%
% of Operating Profit
Other Income/Expense, Net $7.955M
YoY Change 191.93%
Pretax Income $11.90M $54.70M $36.06M
YoY Change -78.24% -16.23% -38.85%
Income Tax -$14.60M $2.000M -$3.639M
% Of Pretax Income -122.69% 3.66% -10.09%
Net Earnings $26.51M $52.70M $39.70M
YoY Change -49.69% 7.02% -1.69%
Net Earnings / Revenue 49.97% 54.84% 46.13%
Basic Earnings Per Share $0.35 $0.74 $0.61
Diluted Earnings Per Share $0.34 $0.69 $0.57
COMMON SHARES
Basic Shares Outstanding 74.14M shares 70.45M shares 64.41M shares
Diluted Shares Outstanding 73.12M shares

Balance Sheet

Concept 2014 Q4 2013 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $76.00M $27.00M $100.0M
YoY Change 181.48% -20.59% 47.06%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $6.000M
Other Receivables $77.00M
Total Short-Term Assets $162.0M $93.00M $183.0M
YoY Change 74.19% -9.71% 77.67%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00 $9.000M $4.000M
YoY Change -100.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00 $1.077B
YoY Change -100.0% -47.23%
Other Assets
YoY Change
Total Long-Term Assets $4.735B $4.210B $4.066B
YoY Change 12.46% 71.39% 82.69%
TOTAL ASSETS
Total Short-Term Assets $162.0M $93.00M $183.0M
Total Long-Term Assets $4.735B $4.210B $4.066B
Total Assets $4.897B $4.303B $4.249B
YoY Change 13.8% 68.13% 82.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $24.00M $19.00M $20.00M
YoY Change 26.32% 58.33% 100.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $1.724B $1.686B
YoY Change -100.0% 37.26% 61.96%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $75.00M $1.803B $1.761B
YoY Change -95.84% 34.55% 63.06%
LONG-TERM LIABILITIES
Long-Term Debt $430.0M $958.0M $944.0M
YoY Change -55.11%
Other Long-Term Liabilities $2.746B $12.00M $15.00M
YoY Change 22783.33% 140.0% -61.54%
Total Long-Term Liabilities $3.176B $970.0M $959.0M
YoY Change 227.42% 19300.0% 2358.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $75.00M $1.803B $1.761B
Total Long-Term Liabilities $3.176B $970.0M $959.0M
Total Liabilities $3.319B $2.844B $2.754B
YoY Change 16.71% 109.36% 140.67%
SHAREHOLDERS EQUITY
Retained Earnings $97.73M $81.94M $111.0M
YoY Change 19.27% 15.59% 100.95%
Common Stock $1.480B $1.385B $1.384B
YoY Change 6.88% 22.53% 22.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.578B $1.467B $1.495B
YoY Change
Total Liabilities & Shareholders Equity $4.897B $4.311B $4.249B
YoY Change 13.6% 68.42% 82.47%

Cashflow Statement

Concept 2014 Q4 2013 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income $26.51M $52.70M $39.70M
YoY Change -49.69% 7.02% -1.69%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $17.40M $189.4M $8.400M
YoY Change -90.81% -219.72% -102.13%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$280.3M -$269.5M -$709.4M
YoY Change 4.01% 373.64% -976.89%
Cash From Investing Activities -$280.3M -$269.5M -$709.4M
YoY Change 4.01% 373.64% -976.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $249.4M
YoY Change -30.18%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 292.8M 7.500M 773.5M
YoY Change 3804.0% -95.86% 118.75%
NET CHANGE
Cash From Operating Activities 17.40M 189.4M 8.400M
Cash From Investing Activities -280.3M -269.5M -709.4M
Cash From Financing Activities 292.8M 7.500M 773.5M
Net Change In Cash 29.90M -72.60M 72.50M
YoY Change -141.18% 113.53% 81.7%
FREE CASH FLOW
Cash From Operating Activities $17.40M $189.4M $8.400M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2009Q3 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
2900000
CY2015Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
74510159 shares
CY2013Q1 us-gaap Convertible Debt
ConvertibleDebt
0
CY2013Q1 us-gaap Stockholders Equity
StockholdersEquity
1222429000
CY2013Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2927160000
CY2013Q1 us-gaap Liabilities
Liabilities
1704731000
CY2013Q1 pmt Assets Sold Under Agreements To Repurchase Repurchase Liability And Participating Mortgage Loans Participation Liabilities Amount
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiabilityAndParticipatingMortgageLoansParticipationLiabilitiesAmount
1615050000
CY2013Q2 us-gaap Convertible Debt
ConvertibleDebt
250000000
CY2013Q2 us-gaap Stockholders Equity
StockholdersEquity
1244181000
CY2013Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3443384000
CY2013Q2 us-gaap Liabilities
Liabilities
2199203000
CY2013Q1 us-gaap Financial Instruments Owned Mortgages Mortgage Backed And Asset Backed Securities At Fair Value
FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue
0
CY2013Q1 us-gaap Assets
Assets
2927160000
CY2013Q1 pmt Borrowings Under Forward Purchase Agreement
BorrowingsUnderForwardPurchaseAgreement
0
CY2013Q1 pmt Asset Backed Secured Financing Liability Fair Value
AssetBackedSecuredFinancingLiabilityFairValue
0
CY2013Q1 pmt Short Term Investment Fair Value
ShortTermInvestmentFairValue
45024000
CY2013Q1 pmt Liabilities Other
LiabilitiesOther
89681000
CY2013Q1 pmt Excess Spread Investment
ExcessSpreadInvestment
0
CY2013Q1 pmt Mortgage Servicing Rights
MortgageServicingRights
180441000
CY2013Q1 pmt Selected Quarterly Results Mortgage Loans On Real Estate
SelectedQuarterlyResultsMortgageLoansOnRealEstate
2490270000
CY2013Q1 pmt Selected Quarterly Results Real Estate Acquired Through Foreclosure
SelectedQuarterlyResultsRealEstateAcquiredThroughForeclosure
84486000
CY2013Q1 pmt Selected Quarterly Results Other Assets
SelectedQuarterlyResultsOtherAssets
126939000
CY2013Q2 us-gaap Financial Instruments Owned Mortgages Mortgage Backed And Asset Backed Securities At Fair Value
FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue
0
CY2013Q2 us-gaap Assets
Assets
3443384000
CY2013Q2 pmt Borrowings Under Forward Purchase Agreement
BorrowingsUnderForwardPurchaseAgreement
244047000
CY2013Q2 pmt Asset Backed Secured Financing Liability Fair Value
AssetBackedSecuredFinancingLiabilityFairValue
0
CY2013Q2 pmt Short Term Investment Fair Value
ShortTermInvestmentFairValue
73236000
CY2013Q2 pmt Liabilities Other
LiabilitiesOther
139260000
CY2013Q2 pmt Excess Spread Investment
ExcessSpreadInvestment
0
CY2013Q2 pmt Mortgage Servicing Rights
MortgageServicingRights
226901000
CY2013Q2 pmt Selected Quarterly Results Mortgage Loans On Real Estate
SelectedQuarterlyResultsMortgageLoansOnRealEstate
2862126000
CY2013Q2 pmt Selected Quarterly Results Real Estate Acquired Through Foreclosure
SelectedQuarterlyResultsRealEstateAcquiredThroughForeclosure
88771000
CY2013Q2 pmt Selected Quarterly Results Other Assets
SelectedQuarterlyResultsOtherAssets
192350000
CY2013Q2 pmt Assets Sold Under Agreements To Repurchase Repurchase Liability And Participating Mortgage Loans Participation Liabilities Amount
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiabilityAndParticipatingMortgageLoansParticipationLiabilitiesAmount
1565896000
CY2013Q3 us-gaap Convertible Debt
ConvertibleDebt
250000000
CY2013Q3 us-gaap Stockholders Equity
StockholdersEquity
1494765000
CY2013Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4249231000
CY2013Q3 us-gaap Liabilities
Liabilities
2754466000
CY2013Q3 us-gaap Financial Instruments Owned Mortgages Mortgage Backed And Asset Backed Securities At Fair Value
FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue
217492000
CY2013Q3 us-gaap Assets
Assets
4249231000
CY2013Q3 pmt Borrowings Under Forward Purchase Agreement
BorrowingsUnderForwardPurchaseAgreement
229841000
CY2013Q3 pmt Asset Backed Secured Financing Liability Fair Value
AssetBackedSecuredFinancingLiabilityFairValue
170008000
CY2013Q3 pmt Weighted Average Yield
WeightedAverageYield
0.039 pure
CY2013Q3 pmt Short Term Investment Fair Value
ShortTermInvestmentFairValue
80936000
CY2013Q3 pmt Liabilities Other
LiabilitiesOther
124559000
CY2013Q3 pmt Excess Spread Investment
ExcessSpreadInvestment
2857000
CY2013Q3 pmt Debt Instrument Unissued
DebtInstrumentUnissued
366800000
CY2013Q3 pmt Mortgage Servicing Rights
MortgageServicingRights
269675000
CY2013Q3 pmt Selected Quarterly Results Mortgage Loans On Real Estate
SelectedQuarterlyResultsMortgageLoansOnRealEstate
3350632000
CY2013Q3 pmt Selected Quarterly Results Real Estate Acquired Through Foreclosure
SelectedQuarterlyResultsRealEstateAcquiredThroughForeclosure
103202000
CY2013Q3 pmt Selected Quarterly Results Other Assets
SelectedQuarterlyResultsOtherAssets
224437000
CY2013Q3 pmt Assets Sold Under Agreements To Repurchase Repurchase Liability And Participating Mortgage Loans Participation Liabilities Amount
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiabilityAndParticipatingMortgageLoansParticipationLiabilitiesAmount
1980058000
CY2014Q1 us-gaap Convertible Debt
ConvertibleDebt
250000000
CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
1543282000
CY2014Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4227537000
CY2014Q1 us-gaap Liabilities
Liabilities
2684255000
CY2014Q1 us-gaap Financial Instruments Owned Mortgages Mortgage Backed And Asset Backed Securities At Fair Value
FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue
198110000
CY2014Q1 us-gaap Assets
Assets
4227537000
CY2014Q1 pmt Borrowings Under Forward Purchase Agreement
BorrowingsUnderForwardPurchaseAgreement
216614000
CY2014Q1 pmt Asset Backed Secured Financing Liability Fair Value
AssetBackedSecuredFinancingLiabilityFairValue
166514000
CY2014Q1 pmt Short Term Investment Fair Value
ShortTermInvestmentFairValue
91338000
CY2014Q1 pmt Liabilities Other
LiabilitiesOther
163349000
CY2014Q1 pmt Excess Spread Investment
ExcessSpreadInvestment
151019000
CY2014Q1 pmt Mortgage Servicing Rights
MortgageServicingRights
301427000
CY2014Q1 pmt Selected Quarterly Results Mortgage Loans On Real Estate
SelectedQuarterlyResultsMortgageLoansOnRealEstate
3156041000
CY2014Q1 pmt Selected Quarterly Results Real Estate Acquired Through Foreclosure
SelectedQuarterlyResultsRealEstateAcquiredThroughForeclosure
186877000
CY2014Q1 pmt Selected Quarterly Results Other Assets
SelectedQuarterlyResultsOtherAssets
142725000
CY2014Q1 pmt Assets Sold Under Agreements To Repurchase Repurchase Liability And Participating Mortgage Loans Participation Liabilities Amount
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiabilityAndParticipatingMortgageLoansParticipationLiabilitiesAmount
1887778000
CY2014Q2 us-gaap Convertible Debt
ConvertibleDebt
250000000
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
1577160000
CY2014Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4869745000
CY2014Q2 us-gaap Liabilities
Liabilities
3292585000
CY2014Q2 dei Entity Public Float
EntityPublicFloat
1604798645
CY2014Q2 us-gaap Financial Instruments Owned Mortgages Mortgage Backed And Asset Backed Securities At Fair Value
FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue
218725000
CY2014Q2 us-gaap Assets
Assets
4869745000
CY2014Q2 pmt Borrowings Under Forward Purchase Agreement
BorrowingsUnderForwardPurchaseAgreement
0
CY2014Q2 pmt Asset Backed Secured Financing Liability Fair Value
AssetBackedSecuredFinancingLiabilityFairValue
170201000
CY2014Q2 pmt Short Term Investment Fair Value
ShortTermInvestmentFairValue
104453000
CY2014Q2 pmt Liabilities Other
LiabilitiesOther
170629000
CY2014Q2 pmt Excess Spread Investment
ExcessSpreadInvestment
190244000
CY2014Q2 pmt Mortgage Servicing Rights
MortgageServicingRights
315484000
CY2014Q2 pmt Selected Quarterly Results Mortgage Loans On Real Estate
SelectedQuarterlyResultsMortgageLoansOnRealEstate
3606906000
CY2014Q2 pmt Selected Quarterly Results Real Estate Acquired Through Foreclosure
SelectedQuarterlyResultsRealEstateAcquiredThroughForeclosure
240471000
CY2014Q2 pmt Selected Quarterly Results Other Assets
SelectedQuarterlyResultsOtherAssets
193462000
CY2014Q2 pmt Assets Sold Under Agreements To Repurchase Repurchase Liability And Participating Mortgage Loans Participation Liabilities Amount
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiabilityAndParticipatingMortgageLoansParticipationLiabilitiesAmount
2701755000
CY2014Q3 us-gaap Convertible Debt
ConvertibleDebt
250000000
CY2014Q3 us-gaap Stockholders Equity
StockholdersEquity
1588041000
CY2014Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4604813000
CY2014Q3 us-gaap Liabilities
Liabilities
3016772000
CY2014Q3 us-gaap Financial Instruments Owned Mortgages Mortgage Backed And Asset Backed Securities At Fair Value
FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue
267885000
CY2014Q3 us-gaap Assets
Assets
4604813000
CY2014Q3 pmt Borrowings Under Forward Purchase Agreement
BorrowingsUnderForwardPurchaseAgreement
0
CY2014Q3 pmt Asset Backed Secured Financing Liability Fair Value
AssetBackedSecuredFinancingLiabilityFairValue
166841000
CY2014Q3 pmt Short Term Investment Fair Value
ShortTermInvestmentFairValue
37452000
CY2014Q3 pmt Liabilities Other
LiabilitiesOther
183245000
CY2014Q3 pmt Excess Spread Investment
ExcessSpreadInvestment
187368000
CY2014Q3 pmt Mortgage Servicing Rights
MortgageServicingRights
345848000
CY2014Q3 pmt Selected Quarterly Results Mortgage Loans On Real Estate
SelectedQuarterlyResultsMortgageLoansOnRealEstate
3250761000
CY2014Q3 pmt Selected Quarterly Results Real Estate Acquired Through Foreclosure
SelectedQuarterlyResultsRealEstateAcquiredThroughForeclosure
275185000
CY2014Q3 pmt Selected Quarterly Results Other Assets
SelectedQuarterlyResultsOtherAssets
240314000
CY2014Q3 pmt Assets Sold Under Agreements To Repurchase Repurchase Liability And Participating Mortgage Loans Participation Liabilities Amount
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiabilityAndParticipatingMortgageLoansParticipationLiabilitiesAmount
2416686000
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
12.57
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
491809 shares
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
546017000
CY2011Q4 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Balance
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsBalance
0
CY2011Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
749000
CY2011Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
904910000
CY2011Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
80570000
CY2011Q4 us-gaap Cash
Cash
14589000
CY2011Q4 pmt Representations And Warranties Liability
RepresentationsAndWarrantiesLiability
205000
CY2011Q4 pmt Real Estate Acquired Through Foreclosure Under Forward Purchase Agreements
RealEstateAcquiredThroughForeclosureUnderForwardPurchaseAgreements
22979000
CY2011Q4 pmt Servicing Asset At Amortized Cost Before Valuation Allowance
ServicingAssetAtAmortizedCostBeforeValuationAllowance
5282000
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
15.92
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
665617 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
4014159 shares
CY2012Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
0
CY2012Q4 us-gaap Convertible Debt
ConvertibleDebt
0
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
1201336000
CY2012Q4 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Balance
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsBalance
7547000
CY2012Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
1256102000
CY2012Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
1346000
CY2012Q4 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
125430000
CY2012Q4 us-gaap Continuing Involvement With Transferred Financial Assets Principal Amount Outstanding
ContinuingInvolvementWithTransferredFinancialAssetsPrincipalAmountOutstanding
12168740000
CY2012Q4 us-gaap Pledged Assets Separately Reported Securities Pledged For Repurchase Agreements At Fair Value
PledgedAssetsSeparatelyReportedSecuritiesPledgedForRepurchaseAgreementsAtFairValue
1944973000
CY2012Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
5798000
CY2012Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
1210796000
CY2012Q4 us-gaap Servicing Asset At Amortized Value Fair Value
ServicingAssetAtAmortizedValueFairValue
126995000
CY2012Q4 us-gaap Good Faith And Margin Deposits With Broker Dealers
GoodFaithAndMarginDepositsWithBrokerDealers
4468000
CY2012Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
88078000
CY2012Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
0
CY2012Q4 us-gaap Assets
Assets
2559663000
CY2012Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
949060000
CY2012Q4 us-gaap Pledged Assets Separately Reported Real Estate Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedRealEstatePledgedAsCollateralAtFairValue
23834000
CY2012Q4 us-gaap Cash
Cash
33756000
CY2012Q4 us-gaap Delinquent Amount At End Of Period On Loans Managed And Securitized
DelinquentAmountAtEndOfPeriodOnLoansManagedAndSecuritized
46407000
CY2012Q4 pmt Deferred Income Tax Expense Benefit Deferred Tax Asset Valuation
DeferredIncomeTaxExpenseBenefitDeferredTaxAssetValuation
0
CY2012Q4 pmt Representations And Warranties Liability
RepresentationsAndWarrantiesLiability
4441000
CY2012Q4 pmt Guarantee Obligations Recourse Provision Unpaid Principal Balance Of Mortgage Loans Subject To Representations And Warranties
GuaranteeObligationsRecourseProvisionUnpaidPrincipalBalanceOfMortgageLoansSubjectToRepresentationsAndWarranties
12168454000
CY2012Q4 pmt Real Estate Acquired Through Foreclosure Under Forward Purchase Agreements
RealEstateAcquiredThroughForeclosureUnderForwardPurchaseAgreements
0
CY2012Q4 pmt Pledged Assets Separately Reported Loans Acquired For Sale Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedLoansAcquiredForSalePledgedAsCollateralAtFairValue
972079000
CY2012Q4 pmt Unpaid Balance Mortgage Loans Sold With Continuing Involvement Delinquent Ninety Days Or More
UnpaidBalanceMortgageLoansSoldWithContinuingInvolvementDelinquentNinetyDaysOrMore
1386000
CY2012Q4 pmt Servicing Asset At Amortized Cost Before Valuation Allowance
ServicingAssetAtAmortizedCostBeforeValuationAllowance
132977000
CY2012Q4 pmt Real Estate Acquired Through Foreclosure Pledged To Secure Borrowings
RealEstateAcquiredThroughForeclosurePledgedToSecureBorrowings
9061000
CY2012Q4 pmt Real Estate Owned Held In Subsidiary For Financing Purposes
RealEstateOwnedHeldInSubsidiaryForFinancingPurposes
14773000
CY2012Q4 pmt Delinquent Amount At End Of Period On Loans Managed And Securitized Thirty To Eighty Nine Days Delinquent
DelinquentAmountAtEndOfPeriodOnLoansManagedAndSecuritizedThirtyToEightyNineDaysDelinquent
45021000
CY2012Q4 pmt Delinquent Amount At End Of Period On Loans Managed And Securitized Ninety Days Or More Not In Foreclosure
DelinquentAmountAtEndOfPeriodOnLoansManagedAndSecuritizedNinetyDaysOrMoreNotInForeclosure
913000
CY2012Q4 pmt Delinquent Amount At End Of Period On Loans Managed And Securitized Ninety Days Or More In Foreclosure
DelinquentAmountAtEndOfPeriodOnLoansManagedAndSecuritizedNinetyDaysOrMoreInForeclosure
473000
CY2012Q4 pmt Pledged Assets Separately Reported Mortgagebacked Securities Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedMortgagebackedSecuritiesPledgedAsCollateralAtFairValue
0
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
70458082 shares
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
70458082 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
19.95
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
661372 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
5029174 shares
CY2013Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
2049581000
CY2013Q4 us-gaap Assets Sold Under Agreements To Repurchase Carrying Amounts
AssetsSoldUnderAgreementsToRepurchaseCarryingAmounts
2314324000
CY2013Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
1961000
CY2013Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
41570000
CY2013Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
0
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
705000
CY2013Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2013Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
71561000
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
81941000
CY2013Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
12986000
CY2013Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
1961000
CY2013Q4 us-gaap Deferred Tax Liabilities Mortgage Servicing Rights
DeferredTaxLiabilitiesMortgageServicingRights
118240000
CY2013Q4 us-gaap Convertible Debt
ConvertibleDebt
250000000
CY2013Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1384468000
CY2013Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
59935000
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
1467114000
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4310917000
CY2013Q4 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
18636000
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
9976000
CY2013Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
118240000
CY2013Q4 us-gaap Assets Sold Under Agreements To Repurchase Repurchase Liability
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
2039605000
CY2013Q4 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Balance
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsBalance
2577000
CY2013Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
2041566000
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2013Q4 us-gaap Liabilities
Liabilities
2843803000
CY2013Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
2039605000
CY2013Q4 us-gaap Management Fee Payable
ManagementFeePayable
8924000
CY2013Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Liability
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedLiability
0
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReserves
0
CY2013Q4 us-gaap Derivative Assets
DerivativeAssets
7976000
CY2013Q4 us-gaap Financial Instruments Owned Mortgages Mortgage Backed And Asset Backed Securities At Fair Value
FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue
197401000
CY2013Q4 us-gaap Margin Deposit Assets
MarginDepositAssets
-4971000
CY2013Q4 us-gaap Pledged Assets Separately Reported Loans Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedLoansPledgedAsCollateralAtFairValue
2480728000
CY2013Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
26452000
CY2013Q4 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
264120000
CY2013Q4 us-gaap Continuing Involvement With Transferred Financial Assets Principal Amount Outstanding
ContinuingInvolvementWithTransferredFinancialAssetsPrincipalAmountOutstanding
25792933000
CY2013Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
49859000
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
7976000
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
2039605000
CY2013Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
8015000
CY2013Q4 us-gaap Fair Value Option Loans Held As Assets Aggregate Difference
FairValueOptionLoansHeldAsAssetsAggregateDifference
-1361026000
CY2013Q4 us-gaap Pledged Assets Separately Reported Securities Pledged For Repurchase Agreements At Fair Value
PledgedAssetsSeparatelyReportedSecuritiesPledgedForRepurchaseAgreementsAtFairValue
3056328000
CY2013Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
5328000
CY2013Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
0
CY2013Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
6178000
CY2013Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
2461217000
CY2013Q4 us-gaap Servicing Asset
ServicingAsset
290572000
CY2013Q4 us-gaap Servicing Asset At Amortized Value Fair Value
ServicingAssetAtAmortizedValueFairValue
289737000
CY2013Q4 us-gaap Assets Fair Value Disclosure Nonrecurring
AssetsFairValueDisclosureNonrecurring
254870000
CY2013Q4 us-gaap Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
0
CY2013Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
8015000
CY2013Q4 us-gaap Good Faith And Margin Deposits With Broker Dealers
GoodFaithAndMarginDepositsWithBrokerDealers
3201000
CY2013Q4 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
458137000
CY2013Q4 us-gaap Other Assets
OtherAssets
66192000
CY2013Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
138942000
CY2013Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
6800000
CY2013Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
38783000
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
20962000
CY2013Q4 us-gaap Assets
Assets
4310917000
CY2013Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
-68381000
CY2013Q4 us-gaap Due From Affiliates
DueFromAffiliates
6009000
CY2013Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
2315313000
CY2013Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
94400000
CY2013Q4 us-gaap Pledged Assets Separately Reported Real Estate Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedRealEstatePledgedAsCollateralAtFairValue
89404000
CY2013Q4 us-gaap Short Term Investments
ShortTermInvestments
92398000
CY2013Q4 us-gaap Cash
Cash
27411000
CY2013Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
8446000
CY2013Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
2600317000
CY2013Q4 us-gaap Delinquent Amount At End Of Period On Loans Managed And Securitized
DelinquentAmountAtEndOfPeriodOnLoansManagedAndSecuritized
81531000
CY2013Q4 us-gaap Mortgage Loans On Real Estate Principal Amount Of Delinquent Loans
MortgageLoansOnRealEstatePrincipalAmountOfDelinquentLoans
4637608000
CY2013Q4 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
238400000
CY2013Q4 pmt Percentage Of Mortgage Loan Forward Purchase Agreement Originated
PercentageOfMortgageLoanForwardPurchaseAgreementOriginated
0.25 pure
CY2013Q4 pmt Borrowings Under Forward Purchase Agreement
BorrowingsUnderForwardPurchaseAgreement
226580000
CY2013Q4 pmt Real Estate Acquired In Settlement Of Loan Under Forward Purchase Agreement
RealEstateAcquiredInSettlementOfLoanUnderForwardPurchaseAgreement
9138000
CY2013Q4 pmt Deferred Income Tax Expense Benefit Deferred Tax Asset Valuation
DeferredIncomeTaxExpenseBenefitDeferredTaxAssetValuation
0
CY2013Q4 pmt Amounts Due From Affiliates
AmountsDueFromAffiliates
6000000
CY2013Q4 pmt Mortgage Loans On Real Estate Unpaid Balance
MortgageLoansOnRealEstateUnpaidBalance
3857739000
CY2013Q4 pmt Number Of Common Shares Held By Affiliate
NumberOfCommonSharesHeldByAffiliate
75000 shares
CY2013Q4 pmt Other Expenses Payable To Affiliate
OtherExpensesPayableToAffiliate
2009000
CY2013Q4 pmt Deferred Income Taxes And Taxes Payable
DeferredIncomeTaxesAndTaxesPayable
68381000
CY2013Q4 pmt Deferred Tax Assets Real Estate Valuation Loss
DeferredTaxAssetsRealEstateValuationLoss
5748000
CY2013Q4 pmt Representations And Warranties Liability
RepresentationsAndWarrantiesLiability
10110000
CY2013Q4 pmt Contingent Underwriting Fees Payable
ContingentUnderwritingFeesPayable
1788000
CY2013Q4 pmt Guarantee Obligations Recourse Provision Unpaid Principal Balance Of Mortgage Loans Subject To Representations And Warranties
GuaranteeObligationsRecourseProvisionUnpaidPrincipalBalanceOfMortgageLoansSubjectToRepresentationsAndWarranties
25652972000
CY2013Q4 pmt Mortgage Loans Under Forward Purchase Agreements Unpaid Principal Balance
MortgageLoansUnderForwardPurchaseAgreementsUnpaidPrincipalBalance
332484000
CY2013Q4 pmt Asset Backed Secured Financing Liability Fair Value
AssetBackedSecuredFinancingLiabilityFairValue
165415000
CY2013Q4 pmt Real Estate Acquired Through Foreclosure Under Forward Purchase Agreements
RealEstateAcquiredThroughForeclosureUnderForwardPurchaseAgreements
9138000
CY2013Q4 pmt Mortgage Loans At Fair Value Held By Variable Interest Entity
MortgageLoansAtFairValueHeldByVariableInterestEntity
523652000
CY2013Q4 pmt Percentage Of Mortgage Loan Portfolio
PercentageOfMortgageLoanPortfolio
0.72 pure
CY2013Q4 pmt Percentage Of Estimated Fair Value Of Mortgage Loans Originated
PercentageOfEstimatedFairValueOfMortgageLoansOriginated
0.05 pure
CY2013Q4 pmt Servicing Advances
ServicingAdvances
59573000
CY2013Q4 pmt Pledged Assets Separately Reported Loans Acquired For Sale Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedLoansAcquiredForSalePledgedAsCollateralAtFairValue
454210000
CY2013Q4 pmt Loans Held In Subsidiary Whose Stock Is Pledged To Secure Borrowings
LoansHeldInSubsidiaryWhoseStockIsPledgedToSecureBorrowings
989000
CY2013Q4 pmt Ratio Of Loans With Unpaid Principal Balance To Current Property Value
RatioOfLoansWithUnpaidPrincipalBalanceToCurrentPropertyValue
1.00 pure
CY2013Q4 pmt Percentage Of Mortgage Loan Under Forward Purchase
PercentageOfMortgageLoanUnderForwardPurchase
0.72 pure
CY2013Q4 pmt Unpaid Balance Mortgage Loans Sold With Continuing Involvement Delinquent Ninety Days Or More
UnpaidBalanceMortgageLoansSoldWithContinuingInvolvementDelinquentNinetyDaysOrMore
13375000
CY2013Q4 pmt Short Term Investment Fair Value
ShortTermInvestmentFairValue
92398000
CY2013Q4 pmt Liabilities Other
LiabilitiesOther
162203000
CY2013Q4 pmt Excess Spread Investment
ExcessSpreadInvestment
138723000
CY2013Q4 pmt Loans Held For Sale Principal Balance
LoansHeldForSalePrincipalBalance
447386000
CY2013Q4 pmt Mortgage Servicing Rights
MortgageServicingRights
290572000
CY2013Q4 pmt Mortgage Servicing Assets Remeasured During Period
MortgageServicingAssetsRemeasuredDuringPeriod
184067000
CY2013Q4 pmt Servicing Fees Payable
ServicingFeesPayable
5915000
CY2013Q4 pmt Servicing Asset At Amortized Cost Before Valuation Allowance
ServicingAssetAtAmortizedCostBeforeValuationAllowance
266697000
CY2013Q4 pmt Real Estate Acquired Through Foreclosure Under Forward Purchase Agreements Remeasured During Period
RealEstateAcquiredThroughForeclosureUnderForwardPurchaseAgreementsRemeasuredDuringPeriod
7760000
CY2013Q4 pmt Real Estate Acquired Through Foreclosure Remeasured During Period
RealEstateAcquiredThroughForeclosureRemeasuredDuringPeriod
63043000
CY2013Q4 pmt Percentage Of Fair Value Mortgage Loan Portfolio
PercentageOfFairValueMortgageLoanPortfolio
0.61 pure
CY2013Q4 pmt Fair Value Unpaid Principal Of Underlying Loans Balance
FairValueUnpaidPrincipalOfUnderlyingLoansBalance
2393321000
CY2013Q4 pmt Fair Value Option Loans Held As Assets Aggregate Fair Value
FairValueOptionLoansHeldAsAssetsAggregateFairValue
3276582000
CY2013Q4 pmt Mortgage Loans Under Forward Purchase Agreement At Fair Value
MortgageLoansUnderForwardPurchaseAgreementAtFairValue
218128000
CY2013Q4 pmt Real Estate Acquired Through Foreclosure Pledged To Secure Borrowings
RealEstateAcquiredThroughForeclosurePledgedToSecureBorrowings
17453000
CY2013Q4 pmt Real Estate Owned Held In Subsidiary For Financing Purposes
RealEstateOwnedHeldInSubsidiaryForFinancingPurposes
71951000
CY2013Q4 pmt Delinquent Amount At End Of Period On Loans Managed And Securitized Thirty To Eighty Nine Days Delinquent
DelinquentAmountAtEndOfPeriodOnLoansManagedAndSecuritizedThirtyToEightyNineDaysDelinquent
68156000
CY2013Q4 pmt Delinquent Amount At End Of Period On Loans Managed And Securitized Ninety Days Or More Not In Foreclosure
DelinquentAmountAtEndOfPeriodOnLoansManagedAndSecuritizedNinetyDaysOrMoreNotInForeclosure
7941000
CY2013Q4 pmt Delinquent Amount At End Of Period On Loans Managed And Securitized Ninety Days Or More In Foreclosure
DelinquentAmountAtEndOfPeriodOnLoansManagedAndSecuritizedNinetyDaysOrMoreInForeclosure
5434000
CY2013Q4 pmt Pledged Assets Separately Reported Mortgagebacked Securities Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedMortgagebackedSecuritiesPledgedAsCollateralAtFairValue
197401000
CY2013Q4 pmt Unsettled Excess Servicing Spread Investment
UnsettledExcessServicingSpreadInvestment
0
CY2013Q4 pmt Selected Quarterly Results Mortgage Loans On Real Estate
SelectedQuarterlyResultsMortgageLoansOnRealEstate
3276582000
CY2013Q4 pmt Selected Quarterly Results Real Estate Acquired Through Foreclosure
SelectedQuarterlyResultsRealEstateAcquiredThroughForeclosure
148080000
CY2013Q4 pmt Selected Quarterly Results Other Assets
SelectedQuarterlyResultsOtherAssets
167161000
CY2013Q4 pmt Assets Sold Under Agreements To Repurchase Repurchase Liability And Participating Mortgage Loans Participation Liabilities Amount
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiabilityAndParticipatingMortgageLoansParticipationLiabilitiesAmount
2039605000
CY2013Q4 pmt Mortgage Loan Participation And Sale Agreement
MortgageLoanParticipationAndSaleAgreement
0
CY2014Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
74510159 shares
CY2014Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
74510159 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
21.00
CY2014Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
725412 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
5293433 shares
CY2014Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
2757544000
CY2014Q4 us-gaap Assets Sold Under Agreements To Repurchase Carrying Amounts
AssetsSoldUnderAgreementsToRepurchaseCarryingAmounts
2543242000
CY2014Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
2430000
CY2014Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
45894000
CY2014Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
1902000
CY2014Q4 us-gaap Common Stock Value
CommonStockValue
745000
CY2014Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2014Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
67806000
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
97728000
CY2014Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
2284000
CY2014Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
2430000
CY2014Q4 us-gaap Deferred Tax Liabilities Mortgage Servicing Rights
DeferredTaxLiabilitiesMortgageServicingRights
143565000
CY2014Q4 us-gaap Convertible Debt
ConvertibleDebt
250000000
CY2014Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1479699000
CY2014Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
51417000
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
1578172000
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4904296000
CY2014Q4 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
23943000
CY2014Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
7178000
CY2014Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
145467000
CY2014Q4 us-gaap Assets Sold Under Agreements To Repurchase Repurchase Liability
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
2730130000
CY2014Q4 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Balance
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsBalance
7715000
CY2014Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
2752796000
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2014Q4 us-gaap Liabilities
Liabilities
3326124000
CY2014Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
2730130000
CY2014Q4 us-gaap Management Fee Payable
ManagementFeePayable
8426000
CY2014Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Liability
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedLiability
0
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReserves
5944000
CY2014Q4 us-gaap Derivative Assets
DerivativeAssets
11107000
CY2014Q4 us-gaap Financial Instruments Owned Mortgages Mortgage Backed And Asset Backed Securities At Fair Value
FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue
307363000
CY2014Q4 us-gaap Margin Deposit Assets
MarginDepositAssets
2465000
CY2014Q4 us-gaap Pledged Assets Separately Reported Loans Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedLoansPledgedAsCollateralAtFairValue
2709161000
CY2014Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
57358000
CY2014Q4 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
300422000
CY2014Q4 us-gaap Continuing Involvement With Transferred Financial Assets Principal Amount Outstanding
ContinuingInvolvementWithTransferredFinancialAssetsPrincipalAmountOutstanding
34161360000
CY2014Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
92622000
CY2014Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
11107000
CY2014Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
2750366000
CY2014Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
4748000
CY2014Q4 us-gaap Fair Value Option Loans Held As Assets Aggregate Difference
FairValueOptionLoansHeldAsAssetsAggregateDifference
-945423000
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
31986000
CY2014Q4 us-gaap Pledged Assets Separately Reported Securities Pledged For Repurchase Agreements At Fair Value
PledgedAssetsSeparatelyReportedSecuritiesPledgedForRepurchaseAgreementsAtFairValue
3610862000
CY2014Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
2112000
CY2014Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
0
CY2014Q4 us-gaap Equity Method Investments
EquityMethodInvestments
0
CY2014Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
7023418
CY2014Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
2453768000
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
27244000
CY2014Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
308137000
CY2014Q4 us-gaap Servicing Asset
ServicingAsset
357780000
CY2014Q4 us-gaap Servicing Asset At Amortized Value Fair Value
ServicingAssetAtAmortizedValueFairValue
322230000
CY2014Q4 us-gaap Assets Fair Value Disclosure Nonrecurring
AssetsFairValueDisclosureNonrecurring
249193000
CY2014Q4 us-gaap Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
0
CY2014Q4 us-gaap Pledged Assets Separately Reported Real Estate Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedRealEstatePledgedAsCollateralAtFairValue
150649000
CY2014Q4 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
239000000
CY2014Q4 pmt Percentage Of Mortgage Loan Forward Purchase Agreement Originated
PercentageOfMortgageLoanForwardPurchaseAgreementOriginated
0.00 pure
CY2014Q4 us-gaap Short Term Investments
ShortTermInvestments
139900000
CY2014Q4 us-gaap Cash
Cash
76386000
CY2014Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
1428000
CY2014Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
2726952000
CY2014Q4 us-gaap Delinquent Amount At End Of Period On Loans Managed And Securitized
DelinquentAmountAtEndOfPeriodOnLoansManagedAndSecuritized
148766000
CY2014Q4 us-gaap Mortgage Loans On Real Estate Principal Amount Of Delinquent Loans
MortgageLoansOnRealEstatePrincipalAmountOfDelinquentLoans
4310097000
CY2014Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
4748000
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive
24680000
CY2014Q4 us-gaap Good Faith And Margin Deposits With Broker Dealers
GoodFaithAndMarginDepositsWithBrokerDealers
5579000
CY2014Q4 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
637722000
CY2014Q4 us-gaap Other Assets
OtherAssets
66193000
CY2014Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
303228000
CY2014Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
5921000
CY2014Q4 us-gaap Cost Method Investments
CostMethodInvestments
0
CY2014Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
73869000
CY2014Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
13391000
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingAfterYearFive
162212000
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
29893000
CY2014Q4 us-gaap Assets
Assets
4904296000
CY2014Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
-52845000
CY2014Q4 us-gaap Due From Affiliates
DueFromAffiliates
6621000
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
32122000
CY2014Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
2543242000
CY2014Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
85200000
CY2014Q4 pmt Borrowings Under Forward Purchase Agreement
BorrowingsUnderForwardPurchaseAgreement
0
CY2014Q4 pmt Real Estate Acquired In Settlement Of Loan Under Forward Purchase Agreement
RealEstateAcquiredInSettlementOfLoanUnderForwardPurchaseAgreement
0
CY2014Q4 pmt Deferred Income Tax Expense Benefit Deferred Tax Asset Valuation
DeferredIncomeTaxExpenseBenefitDeferredTaxAssetValuation
0
CY2014Q4 pmt Amounts Due From Affiliates
AmountsDueFromAffiliates
6600000
CY2014Q4 pmt Mortgage Loans On Real Estate Unpaid Balance
MortgageLoansOnRealEstateUnpaidBalance
3699470000
CY2014Q4 pmt Number Of Common Shares Held By Affiliate
NumberOfCommonSharesHeldByAffiliate
75000 shares
CY2014Q4 pmt Other Expenses Payable To Affiliate
OtherExpensesPayableToAffiliate
7088000
CY2014Q4 pmt Deferred Income Taxes And Taxes Payable
DeferredIncomeTaxesAndTaxesPayable
52845000
CY2014Q4 pmt Deferred Tax Assets Real Estate Valuation Loss
DeferredTaxAssetsRealEstateValuationLoss
10697000
CY2014Q4 pmt Representations And Warranties Liability
RepresentationsAndWarrantiesLiability
14242000
CY2014Q4 pmt Contingent Underwriting Fees Payable
ContingentUnderwritingFeesPayable
1136000
CY2014Q4 pmt Guarantee Obligations Recourse Provision Unpaid Principal Balance Of Mortgage Loans Subject To Representations And Warranties
GuaranteeObligationsRecourseProvisionUnpaidPrincipalBalanceOfMortgageLoansSubjectToRepresentationsAndWarranties
34673414000
CY2014Q4 pmt Mortgage Loans Under Forward Purchase Agreements Unpaid Principal Balance
MortgageLoansUnderForwardPurchaseAgreementsUnpaidPrincipalBalance
0
CY2014Q4 pmt Asset Backed Secured Financing Liability Fair Value
AssetBackedSecuredFinancingLiabilityFairValue
165920000
CY2014Q4 pmt Real Estate Acquired Through Foreclosure Under Forward Purchase Agreements
RealEstateAcquiredThroughForeclosureUnderForwardPurchaseAgreements
0
CY2014Q4 pmt Mortgage Loans At Fair Value Held By Variable Interest Entity
MortgageLoansAtFairValueHeldByVariableInterestEntity
527369000
CY2014Q4 pmt Percentage Of Mortgage Loan Portfolio
PercentageOfMortgageLoanPortfolio
0.75 pure
CY2014Q4 pmt Percentage Of Estimated Fair Value Of Mortgage Loans Originated
PercentageOfEstimatedFairValueOfMortgageLoansOriginated
0.05 pure
CY2014Q4 pmt Servicing Advances
ServicingAdvances
79878000
CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
375000 shares
CY2013 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-6345000
CY2013 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-242832000
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
23.91
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
253509 shares
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.011 pure
CY2014Q4 pmt Pledged Assets Separately Reported Loans Acquired For Sale Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedLoansAcquiredForSalePledgedAsCollateralAtFairValue
609608000
CY2014Q4 pmt Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested And Expected To Vest Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedAndExpectedToVestWeightedAverageGrantDateFairValue
24.29
CY2014Q4 pmt Loans Held In Subsidiary Whose Stock Is Pledged To Secure Borrowings
LoansHeldInSubsidiaryWhoseStockIsPledgedToSecureBorrowings
0
CY2014Q4 pmt Ratio Of Loans With Unpaid Principal Balance To Current Property Value
RatioOfLoansWithUnpaidPrincipalBalanceToCurrentPropertyValue
1.00 pure
CY2014Q4 pmt Share Based Compensation Arrangement By Share Based Payment Award Equity Instrument Other Than Option Vested And Expected To Vest Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentOtherThanOptionVestedAndExpectedToVestNumber
731595 shares
CY2014Q4 pmt Percentage Of Mortgage Loan Under Forward Purchase
PercentageOfMortgageLoanUnderForwardPurchase
0.00 pure
CY2014Q4 pmt Unpaid Balance Mortgage Loans Sold With Continuing Involvement Delinquent Ninety Days Or More
UnpaidBalanceMortgageLoansSoldWithContinuingInvolvementDelinquentNinetyDaysOrMore
38590000
CY2014Q4 pmt Short Term Investment Fair Value
ShortTermInvestmentFairValue
139900000
CY2014Q4 pmt Liabilities Other
LiabilitiesOther
159838000
CY2014Q4 pmt Excess Spread Investment
ExcessSpreadInvestment
191166000
CY2014Q4 pmt Loans Held For Sale Principal Balance
LoansHeldForSalePrincipalBalance
610628000
CY2014Q4 pmt Mortgage Servicing Rights
MortgageServicingRights
357780000
CY2014Q4 pmt Mortgage Servicing Assets Remeasured During Period
MortgageServicingAssetsRemeasuredDuringPeriod
91990000
CY2014Q4 pmt Servicing Fees Payable
ServicingFeesPayable
3457000
CY2014Q4 pmt Servicing Asset At Amortized Cost Before Valuation Allowance
ServicingAssetAtAmortizedCostBeforeValuationAllowance
308137000
CY2014Q4 pmt Real Estate Acquired Through Foreclosure Remeasured During Period
RealEstateAcquiredThroughForeclosureRemeasuredDuringPeriod
157203000
CY2014Q4 pmt Percentage Of Fair Value Mortgage Loan Portfolio
PercentageOfFairValueMortgageLoanPortfolio
0.55 pure
CY2014Q4 pmt Fair Value Unpaid Principal Of Underlying Loans Balance
FairValueUnpaidPrincipalOfUnderlyingLoansBalance
6278676000
CY2014Q4 pmt Fair Value Option Loans Held As Assets Aggregate Fair Value
FairValueOptionLoansHeldAsAssetsAggregateFairValue
3364674000
CY2014Q4 pmt Mortgage Loans Under Forward Purchase Agreement At Fair Value
MortgageLoansUnderForwardPurchaseAgreementAtFairValue
0
CY2014Q4 pmt Real Estate Acquired Through Foreclosure Pledged To Secure Borrowings
RealEstateAcquiredThroughForeclosurePledgedToSecureBorrowings
138284000
CY2014Q4 pmt Real Estate Owned Held In Subsidiary For Financing Purposes
RealEstateOwnedHeldInSubsidiaryForFinancingPurposes
12365000
CY2014Q4 pmt Delinquent Amount At End Of Period On Loans Managed And Securitized Thirty To Eighty Nine Days Delinquent
DelinquentAmountAtEndOfPeriodOnLoansManagedAndSecuritizedThirtyToEightyNineDaysDelinquent
110176000
CY2014Q4 pmt Delinquent Amount At End Of Period On Loans Managed And Securitized Ninety Days Or More Not In Foreclosure
DelinquentAmountAtEndOfPeriodOnLoansManagedAndSecuritizedNinetyDaysOrMoreNotInForeclosure
25418000
CY2014Q4 pmt Delinquent Amount At End Of Period On Loans Managed And Securitized Ninety Days Or More In Foreclosure
DelinquentAmountAtEndOfPeriodOnLoansManagedAndSecuritizedNinetyDaysOrMoreInForeclosure
13172000
CY2014Q4 pmt Pledged Assets Separately Reported Mortgagebacked Securities Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedMortgagebackedSecuritiesPledgedAsCollateralAtFairValue
307363000
CY2014Q4 pmt Unsettled Excess Servicing Spread Investment
UnsettledExcessServicingSpreadInvestment
3836000
CY2014Q4 pmt Selected Quarterly Results Mortgage Loans On Real Estate
SelectedQuarterlyResultsMortgageLoansOnRealEstate
3364674000
CY2014Q4 pmt Selected Quarterly Results Real Estate Acquired Through Foreclosure
SelectedQuarterlyResultsRealEstateAcquiredThroughForeclosure
303228000
CY2014Q4 pmt Selected Quarterly Results Other Assets
SelectedQuarterlyResultsOtherAssets
240185000
CY2014Q4 pmt Assets Sold Under Agreements To Repurchase Repurchase Liability And Participating Mortgage Loans Participation Liabilities Amount
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiabilityAndParticipatingMortgageLoansParticipationLiabilitiesAmount
2750366000
CY2014Q4 pmt Mortgage Loans Acquired For Sale At Fair Value Outstanding Contractual Loan Commitments
MortgageLoansAcquiredForSaleAtFairValueOutstandingContractualLoanCommitments
695488000
CY2014Q4 pmt Mortgage Loans At Fair Value Outstanding Contractual Loan Commitments
MortgageLoansAtFairValueOutstandingContractualLoanCommitments
310160000
CY2014Q4 pmt Mortgage Loan Participation And Sale Agreement
MortgageLoanParticipationAndSaleAgreement
20236000
CY2013Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
11300000 shares
CY2013Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
249400000
CY2013Q3 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
537000000
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.96
CY2013 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
5647000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
6181 shares
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.067 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
255445 shares
CY2013 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
0 shares
CY2013 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.000 pure
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
214635000
CY2013 us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
TransferOfLoansHeldForSaleToPortfolioLoans1
536776000
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.002 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
-0.296 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
13.40
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
20.06
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69448000 shares
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.13
CY2013 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.87
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2013 us-gaap Servicing Asset At Fair Value Period Increase Decrease
ServicingAssetAtFairValuePeriodIncreaseDecrease
616000
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
63426000 shares
CY2013 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
261595000
CY2013 us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
0
CY2013 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
2406000
CY2013 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
12321000
CY2013 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
199558000
CY2013 us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
0
CY2013 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
205746000
CY2013 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
57640000
CY2013 us-gaap Interest Income Other
InterestIncomeOther
209000
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-9200000
CY2013 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-4310000
CY2013 us-gaap Gain Loss On Investments
GainLossOnInvestments
207758000
CY2013 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
5452000
CY2013 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
186000
CY2013 us-gaap Payments To Purchase Mortgage Loans Held For Sale
PaymentsToPurchaseMortgageLoansHeldForSale
32013163000
CY2013 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
53381000
CY2013 us-gaap Payments Of Dividends
PaymentsOfDividends
147568000
CY2013 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
1063162000
CY2013 us-gaap Payments To Acquire Mortgage Servicing Rights Msr
PaymentsToAcquireMortgageServicingRightsMSR
1419000
CY2013 us-gaap Other Operating Income
OtherOperatingIncome
8660000
CY2013 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
33956000
CY2013 us-gaap Increase Decrease In Margin Deposits Outstanding
IncreaseDecreaseInMarginDepositsOutstanding
-19806000
CY2013 us-gaap Other Income
OtherIncome
4386000
CY2013 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
2138000
CY2013 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
98669000
CY2013 us-gaap Fair Value Option Credit Risk Gains Losses On Assets
FairValueOptionCreditRiskGainsLossesOnAssets
-46323000
CY2013 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
145596000
CY2013 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-1988000
CY2013 us-gaap Servicing Fees Net
ServicingFeesNet
32791000
CY2013 us-gaap Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
542000
CY2013 us-gaap Payments For Underwriting Expense
PaymentsForUnderwritingExpense
2834000
CY2013 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
7425000
CY2013 us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
121230
CY2013 us-gaap Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
1180000
CY2013 us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
GainLossOnSalesOfMortgageBackedSecuritiesMBS
-1347000
CY2013 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-187467000
CY2013 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
50716000
CY2013 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Provisions Recoveries
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsProvisionsRecoveries
4970000
CY2013 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
468000
CY2013 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
1751000
CY2013 us-gaap Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
0
CY2013 us-gaap Real Estate Owned Valuation Allowance Provision1
RealEstateOwnedValuationAllowanceProvision1
24002000
CY2013 us-gaap Cash Flows Between Transferee And Transferor Proceeds From New Transfers
CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers
15818582000
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
75122000
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14445000
CY2013 us-gaap Interest Expense
InterestExpense
65222000
CY2013 us-gaap Operating Expenses
OperatingExpenses
190883000
CY2013 us-gaap Professional Fees
ProfessionalFees
8373000
CY2013 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
24490000
CY2013 us-gaap Servicing Asset At Amortized Value Additions
ServicingAssetAtAmortizedValueAdditions
159961000
CY2013 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
584000
CY2013 us-gaap Debt Related Commitment Fees And Debt Issuance Costs
DebtRelatedCommitmentFeesAndDebtIssuanceCosts
10000000
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
5954000
CY2013 us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
23619000
CY2013 us-gaap Labor And Related Expense
LaborAndRelatedExpense
7914000
CY2013 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
11720000
CY2013 us-gaap Securitization Financial Asset For Which Transfer Is Accounted As Sale Gain Loss On Sale
SecuritizationFinancialAssetForWhichTransferIsAccountedAsSaleGainLossOnSale
2279000
CY2013 us-gaap Revenues
Revenues
405518000
CY2013 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
198439000
CY2013 us-gaap Net Income Loss
NetIncomeLoss
200190000
CY2013 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
5556000
CY2013 us-gaap Interest Paid
InterestPaid
67374000
CY2013 us-gaap Interest Income Operating
InterestIncomeOperating
122862000
CY2013 us-gaap Interest And Fee Income Loans Held For Sale Mortgages
InterestAndFeeIncomeLoansHeldForSaleMortgages
33726000
CY2013 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
63564000
CY2013 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-13471000
CY2013 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
206988000
CY2013 us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
54725000
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
26691000
CY2013 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
120925000
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-10014000
CY2013 us-gaap Interest Expense Other
InterestExpenseOther
2533000
CY2013 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
47790000
CY2013 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
1265483000
CY2013 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
12321000
CY2013 us-gaap Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
51712000
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-2232000
CY2013 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-1028996000
CY2013 us-gaap Other Expenses
OtherExpenses
23061000
CY2013 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
261595000
CY2013 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
1338000
CY2013 us-gaap Affiliate Costs
AffiliateCosts
15627
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-12246000
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2419000
CY2013 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
9580000
CY2013 us-gaap Management Fee Expense
ManagementFeeExpense
32410000
CY2013 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
250000000
CY2013 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-722000
CY2013 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
26241000
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-14518000
CY2013 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
0
CY2013 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
15818582000
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
5452000
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
20737000
CY2013 us-gaap Dividends Common Stock
DividendsCommonStock
189138000
CY2013 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
1462134000
CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
0
CY2013 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
7364000
CY2013 us-gaap Loan Portfolio Expense
LoanPortfolioExpense
39413000
CY2013 us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
22642000
CY2013 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
39348000
CY2013 us-gaap Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
262566000
CY2013 pmt Loan Fulfillment Fees Payable To Affiliate
LoanFulfillmentFeesPayableToAffiliate
79712000
CY2013 pmt Repayment Of Borrowings Under Forward Purchase Agreement
RepaymentOfBorrowingsUnderForwardPurchaseAgreement
27070000
CY2013 pmt Transfer Of Mortgage Loans Under Forward Purchase Agreements To Mortgage Loans
TransferOfMortgageLoansUnderForwardPurchaseAgreementsToMortgageLoans
0
CY2013 pmt Fair Value Purchased Of Mortgage Loans Investment Portfolio Purchases From Or Through One Or More Subsidiaries
FairValuePurchasedOfMortgageLoansInvestmentPortfolioPurchasesFromOrThroughOneOrMoreSubsidiaries
443192000
CY2013 pmt Securities Sold Under Agreements To Repurchase Weighted Average Interest Rate At Period End
SecuritiesSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateAtPeriodEnd
0.0229 pure
CY2013 pmt Services Fee Annual Rate
ServicesFeeAnnualRate
0.0026 pure
CY2013 pmt Gains Losses Recognized Upon Sale Of Other Real Estate
GainsLossesRecognizedUponSaleOfOtherRealEstate
10531000
CY2013 pmt Transfer Of Mortgage Loans Under Forward Purchase Agreements To Reo Under Forward Purchase Agreements
TransferOfMortgageLoansUnderForwardPurchaseAgreementsToReoUnderForwardPurchaseAgreements
9451000
CY2013 pmt States Contributing Five Percentage Of Mortgage Loans Under Forward Purchase Agreements
StatesContributingFivePercentageOfMortgageLoansUnderForwardPurchaseAgreements
New Jersey Washington New York Maryland
CY2013 pmt Gain Loss On Excess Servicing Spread
GainLossOnExcessServicingSpread
2423000
CY2013 pmt Transfer Of Interest Rate Lock Commitments To Mortgage Loans Acquired For Sale
TransferOfInterestRateLockCommitmentsToMortgageLoansAcquiredForSale
75071000
CY2013 pmt Transfer From Mortgage Loans Acquired For Sale
TransferFromMortgageLoansAcquiredForSale
0
CY2013 pmt Securities Sold Under Agreements Available Borrowing Capacity Committed
SecuritiesSoldUnderAgreementsAvailableBorrowingCapacityCommitted
1467138000
CY2013 pmt Repayments Of Assets Sold Under Agreements To Repurchase
RepaymentsOfAssetsSoldUnderAgreementsToRepurchase
32671903000
CY2013 pmt Proceeds From Sale Of Other Real Estate Under Forward Purchase Agreements
ProceedsFromSaleOfOtherRealEstateUnderForwardPurchaseAgreements
651000
CY2013 pmt Convertible Debt Average Balance During Period
ConvertibleDebtAverageBalanceDuringPeriod
168493000
CY2013 pmt Fair Value Unpaid Principal Balance Of Underlying Loans
FairValueUnpaidPrincipalBalanceOfUnderlyingLoans
2148185000
CY2013 pmt Fair Value Of Reo Purchased During Year
FairValueOfReoPurchasedDuringYear
120000
CY2013 pmt Accrual Of Interest On Excess Spread Investment
AccrualOfInterestOnExcessSpreadInvestment
1348000
CY2013 pmt Fair Value Of Reo Purchased From Or Through One Or More Subsidiaries
FairValueOfReoPurchasedFromOrThroughOneOrMoreSubsidiaries
38000
CY2013 pmt Base Management Fee
BaseManagementFee
19644000
CY2013 pmt Amortized Cost Unpaid Principal Balance Of Underlying Loans
AmortizedCostUnpaidPrincipalBalanceOfUnderlyingLoans
13343793000
CY2013 pmt Proceeds From Sale Of Mortgage Loans Held For Sale To Affiliates
ProceedsFromSaleOfMortgageLoansHeldForSaleToAffiliates
16113806000
CY2013 pmt Securities Sold Under Agreements Available Borrowing Capacity
SecuritiesSoldUnderAgreementsAvailableBorrowingCapacity
1617138000
CY2013 pmt Fair Value Weighted Average Coupon Interest Rate
FairValueWeightedAverageCouponInterestRate
0.0478 pure
CY2013 pmt Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales And Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSalesAndSettlements
288330000
CY2013 pmt Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Capitalization Of Interest
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisCapitalizationOfInterest
43481000
CY2013 pmt Purchases Of Mortgage Servicing Rights Carried At Lower Of Amortized Cost Or Fair Value
PurchasesOfMortgageServicingRightsCarriedAtLowerOfAmortizedCostOrFairValue
0
CY2013 pmt States Contributing Five Percentage Of Mortgage Loans
StatesContributingFivePercentageOfMortgageLoans
New York Florida New Jersey
CY2013 pmt Loan Originations Fees
LoanOriginationsFees
17765000
CY2013 pmt Mortgage Servicing Rights Fair Value Purchases
MortgageServicingRightsFairValuePurchases
1419000
CY2013 pmt Gain Loss On Sale Of Investment
GainLossOnSaleOfInvestment
-5657000
CY2013 pmt Interest Expense On Mortgage Loans Subject To Forward Purchase Agreements
InterestExpenseOnMortgageLoansSubjectToForwardPurchaseAgreements
3707000
CY2013 pmt Interest Rate Lock Commitments Issued Net
InterestRateLockCommitmentsIssuedNet
83515000
CY2013 pmt Fair Value Of Mortgage Loans Purchased From Or Through One Or More Subsidiaries
FairValueOfMortgageLoansPurchasedFromOrThroughOneOrMoreSubsidiaries
443154000
CY2013 pmt Aggregate Cash Gain Loss On Sale Of Mortgage Loans Acquired For Sale Net Of Cash Hedging Results
AggregateCashGainLossOnSaleOfMortgageLoansAcquiredForSaleNetOfCashHedgingResults
-60751000
CY2013 pmt Purchases Of Real Estate Acquired In Settlement Of Loans
PurchasesOfRealEstateAcquiredInSettlementOfLoans
82000
CY2013 pmt Capitalization Of Interest And Advances On Mortgage Loans At Fair Value
CapitalizationOfInterestAndAdvancesOnMortgageLoansAtFairValue
43481000
CY2013 pmt Interest Income On Mortgage Financings
InterestIncomeOnMortgageFinancings
81275000
CY2013 pmt Amortized Cost Weighted Average Coupon Interest Rate
AmortizedCostWeightedAverageCouponInterestRate
0.0368 pure
CY2013 pmt Effect Of Mortgage Servicing Rights On Loan Servicing Fees
EffectOfMortgageServicingRightsOnLoanServicingFees
22643000
CY2013 pmt Percentage Of Distributions Characterized As Long Term Capital Gain
PercentageOfDistributionsCharacterizedAsLongTermCapitalGain
0.17 pure
CY2013 pmt Increase Decrease In Servicing Advances
IncreaseDecreaseInServicingAdvances
35134000
CY2013 pmt Interest Income Debt Securities
InterestIncomeDebtSecurities
222000
CY2013 pmt Securities Sold Under Agreements Available Borrowing Capacity Uncommitted
SecuritiesSoldUnderAgreementsAvailableBorrowingCapacityUncommitted
150000000
CY2013 pmt Note Payable Secured By Mortgage Loans At Fair Value Interest Expense
NotePayableSecuredByMortgageLoansAtFairValueInterestExpense
0
CY2013 pmt Gain On Sale Of Mortgage Servicing Rights
GainOnSaleOfMortgageServicingRights
0
CY2013 pmt Transfer Of Mortgage Loans Under Forward Purchase Agreements To Mortgage Loans At Fair Value
TransferOfMortgageLoansUnderForwardPurchaseAgreementsToMortgageLoansAtFairValue
15347000
CY2013 pmt Amortized Cost Unpaid Principal Balance Of Underlying Loans Period End
AmortizedCostUnpaidPrincipalBalanceOfUnderlyingLoansPeriodEnd
23399612000
CY2013 pmt Proceeds From Sale Of Assets Under Agreements To Repurchase
ProceedsFromSaleOfAssetsUnderAgreementsToRepurchase
33455407000
CY2013 pmt Payments To Purchase Excess Servicing Spread
PaymentsToPurchaseExcessServicingSpread
139028000
CY2013 pmt Deferred Income Tax Expense Benefit Of Operating Loss Carryforward
DeferredIncomeTaxExpenseBenefitOfOperatingLossCarryforward
38783000
CY2013 pmt Asset Backed Secured Financing Interest Expense
AssetBackedSecuredFinancingInterestExpense
1612000
CY2013 pmt Receipt Of Mortgage Servicing Rights As Proceeds From Sales Of Loans
ReceiptOfMortgageServicingRightsAsProceedsFromSalesOfLoans
183032000
CY2013 pmt Mortgage Loans Sold To Affiliates Unpaid Principal Balance
MortgageLoansSoldToAffiliatesUnpaidPrincipalBalance
16113806000
CY2013 pmt Change In Fair Value Hedging Instruments Still Held At Period End
ChangeInFairValueHedgingInstrumentsStillHeldAtPeriodEnd
9552000
CY2013 pmt Amortization Of Credit Facility Commitment Fees And Debt Issuance Costs
AmortizationOfCreditFacilityCommitmentFeesAndDebtIssuanceCosts
9081000
CY2013 pmt Gains Losses Recognized Upon Sale Of Other Real Estate Under Forward Purchase Agreement
GainsLossesRecognizedUponSaleOfOtherRealEstateUnderForwardPurchaseAgreement
92000
CY2013 pmt Securities Sold Under Agreements To Repurchase Weighted Average Interest Rate During Period
SecuritiesSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateDuringPeriod
0.0243 pure
CY2013 pmt Real Estate Acquired Through Foreclosure Gains Losses Recognized
RealEstateAcquiredThroughForeclosureGainsLossesRecognized
-11856000
CY2013 pmt Sales Of Real Estate Acquired In Settlement Of Loans Under Forward Purchase Agreement
SalesOfRealEstateAcquiredInSettlementOfLoansUnderForwardPurchaseAgreement
651000
CY2013 pmt Real Estate Acquired Settlement Of Loan Under Forward Purchase Agreement Gains Losses Recognized
RealEstateAcquiredSettlementOfLoanUnderForwardPurchaseAgreementGainsLossesRecognized
-86000
CY2013 pmt Transfers To Reo
TransfersToReo
117000
CY2013 pmt Fair Value Of Mortgage Loan Purchased During Year
FairValueOfMortgageLoanPurchasedDuringYear
1309767000
CY2013 pmt Deferred Income Tax Expense Benefit Real Estate Valuation Loss
DeferredIncomeTaxExpenseBenefitRealEstateValuationLoss
-2651000
CY2013 pmt Proceeds From Asset Backed Secured Financing
ProceedsFromAssetBackedSecuredFinancing
170008000
CY2013 pmt Real Estate Owned Under Forward Purchase Agreement Valuation Allowance Provision
RealEstateOwnedUnderForwardPurchaseAgreementValuationAllowanceProvision
112000
CY2013 pmt Percentage Of Amortized Cost
PercentageOfAmortizedCost
0.0026 pure
CY2013 pmt Securities Sold Under Agreements To Repurchase Average Balance
SecuritiesSoldUnderAgreementsToRepurchaseAverageBalance
1552912000
CY2013 pmt Excess Servicing Spread Rebate From Affiliates
ExcessServicingSpreadRebateFromAffiliates
0
CY2013 pmt Change In Fair Value Of Commitments To Purchase Loans
ChangeInFairValueOfCommitmentsToPurchaseLoans
-18230000
CY2013 pmt Increase Decrease Of Excess Servicing Spread Recapture Receivable From Affiliates
IncreaseDecreaseOfExcessServicingSpreadRecaptureReceivableFromAffiliates
0
CY2013 pmt Convertible Debt Interest Expense
ConvertibleDebtInterestExpense
9580000
CY2013 pmt Loans Fulfilled By Affiliate Unpaid Principal Balance
LoansFulfilledByAffiliateUnpaidPrincipalBalance
15225153000
CY2013 pmt Percentage Of Ordinary Income
PercentageOfOrdinaryIncome
0.83 pure
CY2013 pmt Transfers From Reo Under Forward Purchases Agreements
TransfersFromReoUnderForwardPurchasesAgreements
117000
CY2013 pmt Proceeds From Sales And Repayments Of Agency Debt
ProceedsFromSalesAndRepaymentsOfAgencyDebt
13725000
CY2013 pmt Gain Loss On Agency Debt Security
GainLossOnAgencyDebtSecurity
1725000
CY2013 pmt Proceeds From Sale Of Mortgage Backed Securities Mbs At Fair Value
ProceedsFromSaleOfMortgageBackedSecuritiesMbsAtFairValue
2566000
CY2013 pmt Share Based Compensation Cash And Noncash
ShareBasedCompensationCashAndNoncash
6763000
CY2013 pmt Interest Income Excess Servicing Spread
InterestIncomeExcessServicingSpread
1091000
CY2013 pmt Purchase Of Mortgage Loans Financed Through Forward Purchase Agreements
PurchaseOfMortgageLoansFinancedThroughForwardPurchaseAgreements
246605000
CY2013 pmt Percentage Of Return Of Capital
PercentageOfReturnOfCapital
0.00 pure
CY2013 pmt Fair Value Purchased Of Mortgage Loans For Investment Portfolio
FairValuePurchasedOfMortgageLoansForInvestmentPortfolio
1309887000
CY2013 pmt Related Party Incentive Fee Expense
RelatedPartyIncentiveFeeExpense
12766000
CY2013 pmt Payments To Purchase Agency Debt Securities
PaymentsToPurchaseAgencyDebtSecurities
12000000
CY2013 pmt Reimbursement Of Common Overhead Incurred By Affiliate
ReimbursementOfCommonOverheadIncurredByAffiliate
10989
CY2013 pmt Loan Fulfillment Servicing And Management Fees Payable To Affiliate
LoanFulfillmentServicingAndManagementFeesPayableToAffiliate
151535000
CY2013 pmt Interest Income On Mortgage Loans Subject To Forward Purchase Agreements
InterestIncomeOnMortgageLoansSubjectToForwardPurchaseAgreements
3659000
CY2013 pmt Reimbursement Of Expenses To Affiliate
ReimbursementOfExpensesToAffiliate
4638
CY2013 pmt Change In Fair Value Relating To Mortgage Loans Still Held At Period End
ChangeInFairValueRelatingToMortgageLoansStillHeldAtPeriodEnd
-9265000
CY2013 pmt Representations And Warranties Losses Incurred
RepresentationsAndWarrantiesLossesIncurred
0
CY2013 pmt Repayments Of Excess Servicing Spread Investment
RepaymentsOfExcessServicingSpreadInvestment
-4076000
CY2013 pmt Loan Servicing Fees On Mortgage Loans Subject To Forward Purchase Agreements
LoanServicingFeesOnMortgageLoansSubjectToForwardPurchaseAgreements
852000
CY2013 pmt Servicing Asset At Fair Value Additions From Loan Sales
ServicingAssetAtFairValueAdditionsFromLoanSales
23071000
CY2013 pmt Real Estate Acquired In Satisfaction Of Debt
RealEstateAcquiredInSatisfactionOfDebt
185061000
CY2013 pmt Gains Losses On Sales Of Other Real Estate Under Forward Purchase Agreements
GainsLossesOnSalesOfOtherRealEstateUnderForwardPurchaseAgreements
-20000
CY2013 pmt Net Results Of Real Estate Acquired In Settlement Of Loans
NetResultsOfRealEstateAcquiredInSettlementOfLoans
-13491000
CY2013 pmt Provisions For Representations And Warranties Losses
ProvisionsForRepresentationsAndWarrantiesLosses
5669000
CY2013 pmt Real Estate Acquired In Satisfaction Of Debt Under Forward Purchase Agreements
RealEstateAcquiredInSatisfactionOfDebtUnderForwardPurchaseAgreements
9922000
CY2013 pmt Purchase Of Real Estate Financed Through Forward Purchase Agreements
PurchaseOfRealEstateFinancedThroughForwardPurchaseAgreements
4000
CY2013 pmt Fair Value Option Non Credit Risk Gains Losses On Assets
FairValueOptionNonCreditRiskGainsLossesOnAssets
-141144000
CY2013 pmt Net Operating Loss Carry Forwards Expiration Date
NetOperatingLossCarryForwardsExpirationDate
2033
CY2013 pmt Gain Loss On Sale Of Mortgage Loans Acquired For Sale Cash Portion
GainLossOnSaleOfMortgageLoansAcquiredForSaleCashPortion
-197580000
CY2013 pmt Aggregate Non Cash Portion Of Gain On Mortgage Loans Acquired For Sale
AggregateNonCashPortionOfGainOnMortgageLoansAcquiredForSale
-17943000
CY2013 pmt Repayments Of Mortgage Loans Under Forward Purchase Agreement At Fair Value
RepaymentsOfMortgageLoansUnderForwardPurchaseAgreementAtFairValue
15319000
CY2013 pmt Assets Gains Losses Recognized
AssetsGainsLossesRecognized
-6972000
CY2013 pmt Transfer Of Mortgage Loans To Reo
TransferOfMortgageLoansToReo
177743000
CY2013 pmt Proceeds From Repayment Of Us Treasury Security
ProceedsFromRepaymentOfUsTreasurySecurity
0
CY2013 pmt Securities Sold Under Agreements To Repurchase Maximum Daily Amount Outstanding
SecuritiesSoldUnderAgreementsToRepurchaseMaximumDailyAmountOutstanding
3124616000
CY2013 pmt Transfer Mortgage Loans Financed To Reo Financed
TransferMortgageLoansFinancedToReoFinanced
44395000
CY2013 pmt Sales Of Mortgage Servicing Rights Carried At Lower Of Amortized Cost Or Fair Value
SalesOfMortgageServicingRightsCarriedAtLowerOfAmortizedCostOrFairValue
0
CY2013 pmt Accrual Of Costs Related To Forward Purchase Agreement
AccrualOfCostsRelatedToForwardPurchaseAgreement
7083000
CY2013 pmt Deferred Income Tax Expense Benefit Mortgage Servicing Rights
DeferredIncomeTaxExpenseBenefitMortgageServicingRights
-66284000
CY2013 pmt Servicing Asset At Amortized Cost Additions From Loan Sales
ServicingAssetAtAmortizedCostAdditionsFromLoanSales
159961000
CY2013 pmt Deferred Income Tax Expense Benefit Other
DeferredIncomeTaxExpenseBenefitOther
3461000
CY2013 pmt Mortgage Loan Sourcing Fees From Affiliate
MortgageLoanSourcingFeesFromAffiliate
4611000
CY2013 pmt Mortgage Servicing Rights Recapture From Affiliate
MortgageServicingRightsRecaptureFromAffiliate
709000
CY2013 pmt Interest Expense Borrowings Under Forward Purchase Agreements
InterestExpenseBorrowingsUnderForwardPurchaseAgreements
3707000
CY2013 pmt Mortgage Loan Hedging Activities Cash Gain Loss
MortgageLoanHedgingActivitiesCashGainLoss
136829000
CY2013 pmt Payments To Purchase Mortgage Loans Held For Sale Affiliates
PaymentsToPurchaseMortgageLoansHeldForSaleAffiliates
12339000
CY2013 pmt Average Balance During Period For Servicing Assets Portfolio
AverageBalanceDuringPeriodForServicingAssetsPortfolio
20670861000
CY2013 pmt Net Gain Loss On Investments
NetGainLossOnInvestments
210168000
CY2013 pmt Weighted Average Servicing Fee Rate Amortized Cost
WeightedAverageServicingFeeRateAmortizedCost
0.0026 pure
CY2013 pmt Deferred Income Tax Expense Benefit Of Liability Losses Under Representation And Warranties
DeferredIncomeTaxExpenseBenefitOfLiabilityLossesUnderRepresentationAndWarranties
0
CY2013 pmt Repurchase Of Mortgage Loans Subject To Representation And Warranties
RepurchaseOfMortgageLoansSubjectToRepresentationAndWarranties
0
CY2013 pmt Settled Payments To Purchase Excess Servicing Spread
SettledPaymentsToPurchaseExcessServicingSpread
-139028000
CY2013 pmt Proceeds From Sale Of Mortgage Loan Participation Certificates
ProceedsFromSaleOfMortgageLoanParticipationCertificates
0
CY2013 pmt Repayments Of Mortgage Loan Participation Certificates
RepaymentsOfMortgageLoanParticipationCertificates
0
CY2013 pmt Participating Mortgage Loans Interest Expense
ParticipatingMortgageLoansInterestExpense
0
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.47
CY2014 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
8418000 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
1625 shares
CY2014 dei Document Type
DocumentType
10-K
CY2014 dei Entity Registrant Name
EntityRegistrantName
PennyMac Mortgage Investment Trust
CY2014 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2014 dei Trading Symbol
TradingSymbol
PMT
CY2014 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Note&#xA0;36&#x2014;Recently Issued Accounting Pronouncements</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 8%"> In January of 2014, the FASB issued Accounting Standards Update (&#x201C;ASU&#x201D;) No. 2014-04,&#xA0;<i>Receivables: Troubled Debt Restructuring by Creditors Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure</i>&#xA0;(&#x201C;ASU 2014-04&#x201D;) to the <i>Troubled Debt Restructuring</i> subtopic of the <i>Receivables</i> topic of the ASC.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 8%"> ASU 2014-04 clarifies when a creditor should be considered to have received physical possession of residential real estate collateralizing a mortgage loan and the mortgage loan derecognized in the receivable and recognized as real estate property. ASU 2014-04 specifies that an in substance repossession occurs when either the creditor has obtained the legal title to the property after a foreclosure or the borrower has transferred all interest in the property to the creditor through a deed in lieu of foreclosure or similar legal agreement so that at that time the asset should be reclassified from <i>Mortgage loans at fair value</i> to <i>Real estate acquired in settlement of loans</i>.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 8%"> ASU 2014-04 also provides that a disclosure of the amount of <i>Real estate acquired in settlement of loans</i> and the recorded investment in <i>Mortgage loans at fair value</i> that are in the process of foreclosure must be included in both interim and annual financial statements.</p> <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 12px"> &#xA0;</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt; TEXT-INDENT: 8%"> ASU 2014-04 is effective for all year-end and interim periods beginning after December&#xA0;15, 2014. The adoption of ASU 2014-04 is not expected to have a material effect on the Company&#x2019;s consolidated financial statements.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 8%"> In May of 2014, the FASB issued ASU No. 2014-09,&#xA0;<i>Revenue from Contracts with Customers</i>&#xA0;(&#x201C;ASU 2014-09&#x201D;) to the <i>Revenue from Contracts with Customers</i> topic of the ASC. ASU 2014-09 was issued to standardize revenue recognition between public and private companies as well as across industries in an effort to more closely align GAAP revenue recognition with international standards to provide a more comparable revenue number for the users of the financial statements.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 8%"> ASU 2014-09 specifies that for all contracts, revenue should be recognized when or as the entity satisfies a performance obligation. Revenue is recognized either over a period or at one point in time in accordance with how the control of the service or good is transferred.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 8%"> ASU 2014-09 is effective for all year-end and interim periods beginning after December&#xA0;15, 2016 and early application is not permitted. The Company is evaluating the adoption of ASU 2014-09 and the effect that ASU 2014-09 will have on its consolidated financial statements.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 8%"> In June of 2014, FASB issued ASU No.&#xA0;2014-11, <i>Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures</i> (&#x201C;ASU 2014-11&#x201D;) to the <i>Transfers and Servicing</i> topic of the ASC. The amendments in ASU 2014-11 require two accounting changes. First, the amendments in ASU 2014-11 change the accounting for repurchase-to-maturity transactions to secured borrowing accounting. Second, for repurchase financing arrangements, the amendments require separate accounting for a transfer of a financial asset executed contemporaneously with a repurchase agreement with the same counterparty, which will result in secured borrowing accounting for the repurchase agreement.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 8%"> ASU 2014-11 requires disclosures for certain transactions comprising (1)&#xA0;a transfer of a financial asset accounted for as a sale and (2)&#xA0;an agreement with the same transferee entered into in contemplation of the initial transfer that results in the transferor retaining substantially all of the exposure to the economic return on the transferred financial asset throughout the term of the transaction. ASU 2014-11 also specifies certain disclosure requirements for those transactions outstanding at the reporting date and for repurchase agreements, securities lending transactions and repurchase-to-maturity transactions, the transferor is required to make certain disclosures by type of transaction.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 8%"> ASU 2014-11 is effective for the annual periods, and interim periods within those annual periods, beginning after December&#xA0;15, 2014. The adoption of ASU 2014-11 is not expected to have a material effect on the Company&#x2019;s consolidated financial statements.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 8%"> In August of 2014, FASB issued ASU 2014-15, <i>Disclosure of Uncertainties about an Entity&#x2019;s Ability to Continue as a Going Concern</i> (&#x201C;ASU 2014-15&#x201D;) to the <i>Going Concern</i> subtopic of the <i>Presentation of Financial Statements</i> topic of the ASC. ASU 2014-15 requires that when management identifies conditions or events that raise substantial doubt about an entity&#x2019;s ability to continue as a going concern, management should consider whether its plans that are intended to mitigate those relevant conditions or events will alleviate the substantial doubt.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 8%"> ASU 2014-15 requires that if conditions or events raise substantial doubt about an entity&#x2019;s ability to continue as a going concern, but the substantial doubt is alleviated as a result of consideration of management&#x2019;s plans, the entity should include a statement in the notes to its financial statements that enables users of the financial statements to understand all of the following:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td width="8%">&#xA0;</td> <td valign="top" width="5%" align="left">a.</td> <td valign="top" align="left">Principal conditions or events that raised substantial doubt about the entity&#x2019;s ability to continue as a going concern (before consideration of management&#x2019;s plans)</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td width="8%">&#xA0;</td> <td valign="top" width="5%" align="left">b.</td> <td valign="top" align="left">Management&#x2019;s evaluation of the significance of those conditions or events in relation to the entity&#x2019;s ability to meet its obligations</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td width="8%">&#xA0;</td> <td valign="top" width="5%" align="left">c.</td> <td valign="top" align="left">Management&#x2019;s plans that alleviated substantial doubt about the entity&#x2019;s ability to continue as a going concern.</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 8%"> If conditions or events raise substantial doubt about an entity&#x2019;s ability to continue as a going concern, and substantial doubt is not alleviated after consideration of management&#x2019;s plans, an entity should include a statement in the notes to its financial statements indicating that there is substantial doubt about the entity&#x2019;s ability to continue as a going concern within one year after the date that the financial statements are issued (or available to be issued). The entity should disclose information that enables users of the financial statements to understand all of the following:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td width="8%">&#xA0;</td> <td valign="top" width="5%" align="left">a.</td> <td valign="top" align="left">Principal conditions or events that raise substantial doubt about the entity&#x2019;s ability to continue as a going concern</td> </tr> </table> <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td width="8%">&#xA0;</td> <td valign="top" width="5%" align="left">b.</td> <td valign="top" align="left">Management&#x2019;s evaluation of the significance of those conditions or events in relation to the entity&#x2019;s ability to meet its obligations</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td width="8%">&#xA0;</td> <td valign="top" width="5%" align="left">c.</td> <td valign="top" align="left">Management&#x2019;s plans that are intended to mitigate the conditions or events that raise substantial doubt about the entity&#x2019;s ability to continue as a going concern.</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 8%"> ASU 2014-15 is effective for the annual period ending after December&#xA0;15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The adoption of ASU 2014-15 is not expected to have a material effect on the Company&#x2019;s consolidated financial statements.</p> </div>
CY2014 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.084 pure
CY2014 us-gaap Incentive Fee Description
IncentiveFeeDescription
The performance incentive fee is calculated quarterly and is equal to (a) 10% of the amount by which net income for the quarter exceeds (i) an 8% return on equity plus the high watermark, up to (ii) a 12% return on equity; plus (b) 15% of the amount by which net income for the quarter exceeds (i) a 12% return on equity plus the high watermark, up to (ii) a 16% return on equity; plus (c) 20% of the amount by which net income for the quarter exceeds a 16% return on equity plus the high watermark.
CY2014 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
298000 shares
CY2014 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
48975000
CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-366036000
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
21.05
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
234466 shares
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.019 pure
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
300131 shares
CY2014 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
3817611 shares
CY2014 dei Document Period End Date
DocumentPeriodEndDate
2014-12-31
CY2014 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.000 pure
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.000 pure
CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
-0.415 pure
CY2014 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 Segment
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
19.68
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
18.74
CY2014 dei Amendment Flag
AmendmentFlag
false
CY2014 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
82211000 shares
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.62
CY2014 us-gaap Other Income
OtherIncome
8900000
CY2014 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
8226000
CY2014 dei Entity Central Index Key
EntityCentralIndexKey
0001464423
CY2014 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.40
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2014 us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 8%"> Following is a summary of maturities of outstanding assets sold under agreements to repurchase by maturity date:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="68%" align="center" border="0"> <tr> <td width="84%"></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman"> <td valign="bottom" nowrap="nowrap"> <p style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 145.65pt"> <b>Remaining Maturity at December&#xA0;31, 2014</b></p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Balance</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" colspan="2" align="center"> <b>(in&#xA0;thousands)</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; TEXT-INDENT: -1em"> Within 30 days</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">493,560</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; TEXT-INDENT: -1em"> Over 30 to 90&#xA0;days</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">508,083</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; TEXT-INDENT: -1em"> Over 90&#xA0;days to 180 days</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; TEXT-INDENT: -1em"> Over 180 days to 1 year</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">1,613,709</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; TEXT-INDENT: -1em"> Over 1 year to 2 years</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">114,778</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"></td> <td valign="bottom"></td> <td valign="bottom">$</td> <td valign="bottom" align="right">2,730,130</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; TEXT-INDENT: -1em"> Weighted average maturity (in months)</p> </td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">6.9</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> </table> </div>
CY2014 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2014 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt; TEXT-INDENT: 8%"> Because of the Company&#x2019;s investment focus, PMT is exposed, to a greater extent than traditional mortgage investors, to the risks that borrowers may be in economic distress and/or may have become unemployed, bankrupt or otherwise unable or unwilling to make payments when due, and to the effects of fluctuations in the residential real estate market on the performance of its investments. Factors influencing these risks include, but are not limited to:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td width="13%">&#xA0;</td> <td valign="top" width="3%" align="left">&#x2022;</td> <td valign="top" width="1%">&#xA0;</td> <td valign="top" align="left">changes in the overall economy and unemployment rates and residential real estate values in the markets where the properties securing the Company&#x2019;s mortgage loans are located;</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td width="13%">&#xA0;</td> <td valign="top" width="3%" align="left">&#x2022;</td> <td valign="top" width="1%">&#xA0;</td> <td valign="top" align="left">PCM&#x2019;s ability to identify and the Servicer&#x2019;s ability to execute optimal resolutions of problem mortgage loans;</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td width="13%">&#xA0;</td> <td valign="top" width="3%" align="left">&#x2022;</td> <td valign="top" width="1%">&#xA0;</td> <td valign="top" align="left">the accuracy of valuation information obtained during the Company&#x2019;s due diligence activities;</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td width="13%">&#xA0;</td> <td valign="top" width="3%" align="left">&#x2022;</td> <td valign="top" width="1%">&#xA0;</td> <td valign="top" align="left">PCM&#x2019;s ability to effectively model, and to develop appropriate model assumptions that properly anticipate, future outcomes;</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td width="13%">&#xA0;</td> <td valign="top" width="3%" align="left">&#x2022;</td> <td valign="top" width="1%">&#xA0;</td> <td valign="top" align="left">the level of government support for problem loan resolution and the effect of current and future proposed and enacted legislative and regulatory changes on the Company&#x2019;s ability to effect cures or resolutions to distressed loans; and</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td width="13%">&#xA0;</td> <td valign="top" width="3%" align="left">&#x2022;</td> <td valign="top" width="1%">&#xA0;</td> <td valign="top" align="left">regulatory, judicial and legislative support of the foreclosure process, and the resulting effect on the Company&#x2019;s ability to acquire and liquidate the real estate securing its portfolio of distressed mortgage loans in a timely manner or at all.</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 8%"> Due to these uncertainties, there can be no assurance that risk management activities identified and executed on PMT&#x2019;s behalf will prevent significant losses arising from the Company&#x2019;s investments in real estate-related assets.</p> </div>
CY2014 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-6802000
CY2014 us-gaap Gain Loss On Investments
GainLossOnInvestments
201809000
CY2014 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
5752000
CY2014 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
1588000
CY2014 us-gaap Performance Fees
PerformanceFees
100
CY2014 us-gaap Payments To Purchase Mortgage Loans Held For Sale
PaymentsToPurchaseMortgageLoansHeldForSale
28381456000
CY2014 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
47502000
CY2014 us-gaap Payments Of Dividends
PaymentsOfDividends
174433000
CY2014 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
554604000
CY2014 us-gaap Payments To Acquire Mortgage Servicing Rights Msr
PaymentsToAcquireMortgageServicingRightsMSR
0
CY2014 us-gaap Other Operating Income
OtherOperatingIncome
-5367000
CY2014 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
24910000
CY2014 us-gaap Increase Decrease In Margin Deposits Outstanding
IncreaseDecreaseInMarginDepositsOutstanding
-4329000
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
179464000
CY2014 us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
TransferOfLoansHeldForSaleToPortfolioLoans1
0
CY2014 us-gaap Servicing Asset At Fair Value Period Increase Decrease
ServicingAssetAtFairValuePeriodIncreaseDecrease
-16648000
CY2014 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
73495000 shares
CY2014 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
90589000
CY2014 us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
139000
CY2014 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
8571000
CY2014 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1070000
CY2014 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
185972000
CY2014 us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
10436000
CY2014 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
203000000
CY2014 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
86759000
CY2014 us-gaap Interest Income Other
InterestIncomeOther
48000
CY2014 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-6562000
CY2014 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
35647000
CY2014 us-gaap Cash Flows Between Transferee And Transferor Proceeds From New Transfers
CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers
11703015000
CY2014 us-gaap Fair Value Option Credit Risk Gains Losses On Assets
FairValueOptionCreditRiskGainsLossesOnAssets
-36600000
CY2014 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
95075000
CY2014 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
11527000
CY2014 us-gaap Servicing Fees Net
ServicingFeesNet
37893000
CY2014 us-gaap Payment For Incentive Fee
PaymentForIncentiveFee
10
CY2014 us-gaap Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
604000
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-187500000
CY2014 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
76300000
CY2014 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Provisions Recoveries
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsProvisionsRecoveries
-5138000
CY2014 us-gaap Payments For Underwriting Expense
PaymentsForUnderwritingExpense
2372000
CY2014 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0
CY2014 us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
99987
CY2014 us-gaap Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
127000
CY2014 us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
GainLossOnSalesOfMortgageBackedSecuritiesMBS
10416000
CY2014 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
803000
CY2014 us-gaap Securitization Financial Asset For Which Transfer Is Accounted As Sale Gain Loss On Sale
SecuritizationFinancialAssetForWhichTransferIsAccountedAsSaleGainLossOnSale
-8459000
CY2014 us-gaap Revenues
Revenues
356741000
CY2014 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
192714000
CY2014 us-gaap Net Income Loss
NetIncomeLoss
194544000
CY2014 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
8456000
CY2014 us-gaap Interest Paid
InterestPaid
94116000
CY2014 us-gaap Interest Income Operating
InterestIncomeOperating
172348000
CY2014 us-gaap Interest And Fee Income Loans Held For Sale Mortgages
InterestAndFeeIncomeLoansHeldForSaleMortgages
23974000
CY2014 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
74480000
CY2014 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-31978000
CY2014 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
227488000
CY2014 us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
80008000
CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-15536000
CY2014 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-32000
CY2014 us-gaap Interest Expense
InterestExpense
85589000
CY2014 us-gaap Operating Expenses
OperatingExpenses
177277000
CY2014 us-gaap Professional Fees
ProfessionalFees
8380000
CY2014 us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
970000
CY2014 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
47693000
CY2014 us-gaap Servicing Asset At Amortized Value Additions
ServicingAssetAtAmortizedValueAdditions
73640000
CY2014 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
920000
CY2014 us-gaap Debt Related Commitment Fees And Debt Issuance Costs
DebtRelatedCommitmentFeesAndDebtIssuanceCosts
9400000
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-5304000
CY2014 us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
-8518000
CY2014 us-gaap Labor And Related Expense
LaborAndRelatedExpense
8328000
CY2014 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
1830000
CY2014 us-gaap Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
474000
CY2014 us-gaap Real Estate Owned Valuation Allowance Provision1
RealEstateOwnedValuationAllowanceProvision1
45476000
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
62812000
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-15080000
CY2014 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
184467000
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
352000
CY2014 us-gaap Interest Expense Other
InterestExpenseOther
3162000
CY2014 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
58304000
CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
387039000
CY2014 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
89600000
CY2014 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
1070000
CY2014 us-gaap Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
70294000
CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
104000
CY2014 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
27972000
CY2014 us-gaap Other Expenses
OtherExpenses
24293000
CY2014 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
90589000
CY2014 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
-11455000
CY2014 us-gaap Affiliate Costs
AffiliateCosts
11642
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
456000
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-3380000
CY2014 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
14358000
CY2014 us-gaap Management Fee Expense
ManagementFeeExpense
35035000
CY2014 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0
CY2014 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-5193000
CY2014 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
31911000
CY2014 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-6361000
CY2014 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
18499000
CY2014 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
11703015000
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
5752000
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-10232000
CY2014 us-gaap Dividends Common Stock
DividendsCommonStock
178757000
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
655718000
CY2014 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
0
CY2014 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
2122000
CY2014 us-gaap Loan Portfolio Expense
LoanPortfolioExpense
52522000
CY2014 us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
42124000
CY2014 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
41001000
CY2014 us-gaap Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
598339000
CY2014 pmt Loan Fulfillment Fees Payable To Affiliate
LoanFulfillmentFeesPayableToAffiliate
48719000
CY2014 pmt Repayment Of Borrowings Under Forward Purchase Agreement
RepaymentOfBorrowingsUnderForwardPurchaseAgreement
227866000
CY2014 pmt Transfer Of Mortgage Loans Under Forward Purchase Agreements To Mortgage Loans
TransferOfMortgageLoansUnderForwardPurchaseAgreementsToMortgageLoans
0
CY2014 pmt Fair Value Purchased Of Mortgage Loans Investment Portfolio Purchases From Or Through One Or More Subsidiaries
FairValuePurchasedOfMortgageLoansInvestmentPortfolioPurchasesFromOrThroughOneOrMoreSubsidiaries
26805000
CY2014 pmt Securities Sold Under Agreements To Repurchase Weighted Average Interest Rate At Period End
SecuritiesSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateAtPeriodEnd
0.0232 pure
CY2014 pmt Services Fee Annual Rate
ServicesFeeAnnualRate
0.0025 pure
CY2014 pmt Gains Losses Recognized Upon Sale Of Other Real Estate
GainsLossesRecognizedUponSaleOfOtherRealEstate
13498000
CY2014 pmt Transfer Of Mortgage Loans Under Forward Purchase Agreements To Reo Under Forward Purchase Agreements
TransferOfMortgageLoansUnderForwardPurchaseAgreementsToReoUnderForwardPurchaseAgreements
9802000
CY2014 pmt Performance Fees Allocation Percentage To Partnership
PerformanceFeesAllocationPercentageToPartnership
0.20 pure
CY2014 pmt Gain Loss On Excess Servicing Spread
GainLossOnExcessServicingSpread
-28663000
CY2014 pmt Transfer Of Interest Rate Lock Commitments To Mortgage Loans Acquired For Sale
TransferOfInterestRateLockCommitmentsToMortgageLoansAcquiredForSale
69503000
CY2014 pmt Transfer From Mortgage Loans Acquired For Sale
TransferFromMortgageLoansAcquiredForSale
0
CY2014 pmt Securities Sold Under Agreements Available Borrowing Capacity Committed
SecuritiesSoldUnderAgreementsAvailableBorrowingCapacityCommitted
652360000
CY2014 pmt Related Party Base Management Fee As Percentage Of Stock Holders Equity
RelatedPartyBaseManagementFeeAsPercentageOfStockHoldersEquity
0.015 pure
CY2014 pmt Loan Servicing Fees Payable To Affiliate
LoanServicingFeesPayableToAffiliate
700000
CY2014 pmt Amortization Of Commitment Fee
AmortizationOfCommitmentFee
266000
CY2014 pmt Repayments Of Assets Sold Under Agreements To Repurchase
RepaymentsOfAssetsSoldUnderAgreementsToRepurchase
31183387000
CY2014 pmt Proceeds From Sale Of Other Real Estate Under Forward Purchase Agreements
ProceedsFromSaleOfOtherRealEstateUnderForwardPurchaseAgreements
5365000
CY2014 pmt Convertible Debt Average Balance During Period
ConvertibleDebtAverageBalanceDuringPeriod
250000000
CY2014 pmt Fair Value Unpaid Principal Balance Of Underlying Loans
FairValueUnpaidPrincipalBalanceOfUnderlyingLoans
4573369000
CY2014 pmt Fair Value Of Reo Purchased During Year
FairValueOfReoPurchasedDuringYear
3117000
CY2014 pmt Accrual Of Interest On Excess Spread Investment
AccrualOfInterestOnExcessSpreadInvestment
13292000
CY2014 pmt Fair Value Of Reo Purchased From Or Through One Or More Subsidiaries
FairValueOfReoPurchasedFromOrThroughOneOrMoreSubsidiaries
68000
CY2014 pmt Amortized Cost Unpaid Principal Balance Of Underlying Loans
AmortizedCostUnpaidPrincipalBalanceOfUnderlyingLoans
6800637000
CY2014 pmt Proceeds From Sale Of Mortgage Loans Held For Sale To Affiliates
ProceedsFromSaleOfMortgageLoansHeldForSaleToAffiliates
16431338000
CY2014 pmt Securities Sold Under Agreements Available Borrowing Capacity
SecuritiesSoldUnderAgreementsAvailableBorrowingCapacity
1347360000
CY2014 pmt Percentage Of Income Tax Positions Likely To Be Realized
PercentageOfIncomeTaxPositionsLikelyToBeRealized
0.50 pure
CY2014 pmt Agreement Effective Date
AgreementEffectiveDate
2013-02-01
CY2014 pmt Fair Value Weighted Average Coupon Interest Rate
FairValueWeightedAverageCouponInterestRate
0.0478 pure
CY2014 pmt Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales And Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSalesAndSettlements
618395000
CY2014 pmt Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Capitalization Of Interest
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisCapitalizationOfInterest
66850000
CY2014 pmt Purchases Of Mortgage Servicing Rights Carried At Lower Of Amortized Cost Or Fair Value
PurchasesOfMortgageServicingRightsCarriedAtLowerOfAmortizedCostOrFairValue
0
CY2014 pmt States Contributing Five Percentage Of Mortgage Loans
StatesContributingFivePercentageOfMortgageLoans
New York New Jersey Florida
CY2014 pmt Loan Originations Fees
LoanOriginationsFees
18184000
CY2014 pmt Mortgage Servicing Rights Fair Value Purchases
MortgageServicingRightsFairValuePurchases
0
CY2014 pmt Gain Loss On Sale Of Investment
GainLossOnSaleOfInvestment
3614000
CY2014 pmt Interest Expense On Mortgage Loans Subject To Forward Purchase Agreements
InterestExpenseOnMortgageLoansSubjectToForwardPurchaseAgreements
2363000
CY2014 pmt Interest Rate Lock Commitments Issued Net
InterestRateLockCommitmentsIssuedNet
56268000
CY2014 pmt Fair Value Of Mortgage Loans Purchased From Or Through One Or More Subsidiaries
FairValueOfMortgageLoansPurchasedFromOrThroughOneOrMoreSubsidiaries
26737000
CY2014 pmt Aggregate Cash Gain Loss On Sale Of Mortgage Loans Acquired For Sale Net Of Cash Hedging Results
AggregateCashGainLossOnSaleOfMortgageLoansAcquiredForSaleNetOfCashHedgingResults
-78150000
CY2014 pmt Purchases Of Real Estate Acquired In Settlement Of Loans
PurchasesOfRealEstateAcquiredInSettlementOfLoans
3049000
CY2014 pmt Capitalization Of Interest And Advances On Mortgage Loans At Fair Value
CapitalizationOfInterestAndAdvancesOnMortgageLoansAtFairValue
66850000
CY2014 pmt Interest Income On Mortgage Financings
InterestIncomeOnMortgageFinancings
122620000
CY2014 pmt Amortized Cost Weighted Average Coupon Interest Rate
AmortizedCostWeightedAverageCouponInterestRate
0.0380 pure
CY2014 pmt Effect Of Mortgage Servicing Rights On Loan Servicing Fees
EffectOfMortgageServicingRightsOnLoanServicingFees
42124000
CY2014 pmt Percentage Of Distributions Characterized As Long Term Capital Gain
PercentageOfDistributionsCharacterizedAsLongTermCapitalGain
0.14 pure
CY2014 pmt Mortgage Loans Description
MortgageLoansDescription
Note interest rate pools of 50 basis points
CY2014 pmt Increase Decrease In Servicing Advances
IncreaseDecreaseInServicingAdvances
40084000
CY2014 pmt Mortgage Servicing Rights Fair Value Option Threshold Loan Interest Rate
MortgageServicingRightsFairValueOptionThresholdLoanInterestRate
0.045 pure
CY2014 pmt Interest Income Debt Securities
InterestIncomeDebtSecurities
0
CY2014 pmt Absolute Return To Shareholders Hurdle
AbsoluteReturnToShareholdersHurdle
0.08 pure
CY2014 pmt Securities Sold Under Agreements Available Borrowing Capacity Uncommitted
SecuritiesSoldUnderAgreementsAvailableBorrowingCapacityUncommitted
695000000
CY2014 pmt Payments To Purchase Excess Servicing Spread
PaymentsToPurchaseExcessServicingSpread
99728000
CY2014 pmt Deferred Income Tax Expense Benefit Of Operating Loss Carryforward
DeferredIncomeTaxExpenseBenefitOfOperatingLossCarryforward
35963000
CY2014 pmt Asset Backed Secured Financing Interest Expense
AssetBackedSecuredFinancingInterestExpense
6490000
CY2014 pmt Receipt Of Mortgage Servicing Rights As Proceeds From Sales Of Loans
ReceiptOfMortgageServicingRightsAsProceedsFromSalesOfLoans
121333000
CY2014 pmt Mortgage Loans Sold To Affiliates Unpaid Principal Balance
MortgageLoansSoldToAffiliatesUnpaidPrincipalBalance
16431338000
CY2014 pmt Change In Fair Value Hedging Instruments Still Held At Period End
ChangeInFairValueHedgingInstrumentsStillHeldAtPeriodEnd
-11518000
CY2014 pmt Note Payable Secured By Mortgage Loans At Fair Value Interest Expense
NotePayableSecuredByMortgageLoansAtFairValueInterestExpense
0
CY2014 pmt Gain On Sale Of Mortgage Servicing Rights
GainOnSaleOfMortgageServicingRights
46000
CY2014 pmt Transfer Of Mortgage Loans Under Forward Purchase Agreements To Mortgage Loans At Fair Value
TransferOfMortgageLoansUnderForwardPurchaseAgreementsToMortgageLoansAtFairValue
205902000
CY2014 pmt Amortized Cost Unpaid Principal Balance Of Underlying Loans Period End
AmortizedCostUnpaidPrincipalBalanceOfUnderlyingLoansPeriodEnd
28006797000
CY2014 pmt Proceeds From Sale Of Assets Under Agreements To Repurchase
ProceedsFromSaleOfAssetsUnderAgreementsToRepurchase
31873913000
CY2014 pmt Amortization Of Credit Facility Commitment Fees And Debt Issuance Costs
AmortizationOfCreditFacilityCommitmentFeesAndDebtIssuanceCosts
9763000
CY2014 pmt Gains Losses Recognized Upon Sale Of Other Real Estate Under Forward Purchase Agreement
GainsLossesRecognizedUponSaleOfOtherRealEstateUnderForwardPurchaseAgreement
306000
CY2014 pmt Securities Sold Under Agreements To Repurchase Weighted Average Interest Rate During Period
SecuritiesSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateDuringPeriod
0.0212 pure
CY2014 pmt Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Estimated Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsEstimatedForfeitureRate
0.15 pure
CY2014 pmt Real Estate Acquired Through Foreclosure Gains Losses Recognized
RealEstateAcquiredThroughForeclosureGainsLossesRecognized
-24896000
CY2014 pmt Termination Fees Description
TerminationFeesDescription
The termination fee is equal to three times the sum of (a) the average annual base management fee, and (b) the average annual performance incentive fee earned by PFSI, in each case during the 24-month period before termination.
CY2014 pmt Sales Of Real Estate Acquired In Settlement Of Loans Under Forward Purchase Agreement
SalesOfRealEstateAcquiredInSettlementOfLoansUnderForwardPurchaseAgreement
5365000
CY2014 pmt Real Estate Acquired Settlement Of Loan Under Forward Purchase Agreement Gains Losses Recognized
RealEstateAcquiredSettlementOfLoanUnderForwardPurchaseAgreementGainsLossesRecognized
0
CY2014 pmt Transfers To Reo
TransfersToReo
12737000
CY2014 pmt Fair Value Of Mortgage Loan Purchased During Year
FairValueOfMortgageLoanPurchasedDuringYear
557432000
CY2014 pmt Deferred Income Tax Expense Benefit Real Estate Valuation Loss
DeferredIncomeTaxExpenseBenefitRealEstateValuationLoss
5079000
CY2014 pmt Proceeds From Asset Backed Secured Financing
ProceedsFromAssetBackedSecuredFinancing
0
CY2014 pmt Real Estate Owned Under Forward Purchase Agreement Valuation Allowance Provision
RealEstateOwnedUnderForwardPurchaseAgreementValuationAllowanceProvision
779000
CY2014 pmt Base Management Fee
BaseManagementFee
23330000
CY2014 pmt Fixed Rate Mortgage Loans Maximum
FixedRateMortgageLoansMaximum
0.045 pure
CY2014 pmt Percentage Of Amortized Cost
PercentageOfAmortizedCost
0.0025 pure
CY2014 pmt Securities Sold Under Agreements To Repurchase Average Balance
SecuritiesSoldUnderAgreementsToRepurchaseAverageBalance
2311273000
CY2014 pmt Excess Servicing Spread Rebate From Affiliates
ExcessServicingSpreadRebateFromAffiliates
7828000
CY2014 pmt Change In Fair Value Of Commitments To Purchase Loans
ChangeInFairValueOfCommitmentsToPurchaseLoans
4412000
CY2014 pmt Increase Decrease Of Excess Servicing Spread Recapture Receivable From Affiliates
IncreaseDecreaseOfExcessServicingSpreadRecaptureReceivableFromAffiliates
7343000
CY2014 pmt Convertible Debt Interest Expense
ConvertibleDebtInterestExpense
14357000
CY2014 pmt Loans Fulfilled By Affiliate Unpaid Principal Balance
LoansFulfilledByAffiliateUnpaidPrincipalBalance
11476448000
CY2014 pmt Percentage Of Ordinary Income
PercentageOfOrdinaryIncome
0.86 pure
CY2014 pmt Transfers From Reo Under Forward Purchases Agreements
TransfersFromReoUnderForwardPurchasesAgreements
12737000
CY2014 pmt Proceeds From Sales And Repayments Of Agency Debt
ProceedsFromSalesAndRepaymentsOfAgencyDebt
0
CY2014 pmt Fulfillment Fees Interest Rate Effective Percentage Rate
FulfillmentFeesInterestRateEffectivePercentageRate
0.0050 pure
CY2014 pmt Loans Delinquent Period
LoansDelinquentPeriod
90 or more days
CY2014 pmt Gain Loss On Agency Debt Security
GainLossOnAgencyDebtSecurity
0
CY2014 pmt Proceeds From Sale Of Mortgage Backed Securities Mbs At Fair Value
ProceedsFromSaleOfMortgageBackedSecuritiesMbsAtFairValue
68284000
CY2014 pmt Share Based Compensation Cash And Noncash
ShareBasedCompensationCashAndNoncash
7107000
CY2014 pmt Interest Income Excess Servicing Spread
InterestIncomeExcessServicingSpread
13292000
CY2014 pmt Purchase Of Mortgage Loans Financed Through Forward Purchase Agreements
PurchaseOfMortgageLoansFinancedThroughForwardPurchaseAgreements
2828000
CY2014 pmt Percentage Of Return Of Capital
PercentageOfReturnOfCapital
0.00 pure
CY2014 pmt Fair Value Purchased Of Mortgage Loans For Investment Portfolio
FairValuePurchasedOfMortgageLoansForInvestmentPortfolio
560549000
CY2014 pmt Servicing Portfolio Percentage Of Aggregate Unpaid Principal Balance
ServicingPortfolioPercentageOfAggregateUnpaidPrincipalBalance
0.30 pure
CY2014 pmt Services Agreement Expiration Date
ServicesAgreementExpirationDate
2017-02-01
CY2014 pmt Related Party Incentive Fee Expense
RelatedPartyIncentiveFeeExpense
11705000
CY2014 pmt Stock Issued During Period Shares Price Per Share
StockIssuedDuringPeriodSharesPricePerShare
23.73
CY2014 pmt Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested And Expected To Vest Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedAndExpectedToVestWeightedAverageRemainingContractualTerm
P28M
CY2014 pmt Payments To Purchase Agency Debt Securities
PaymentsToPurchaseAgencyDebtSecurities
0
CY2014 pmt Repayments Of Excess Servicing Spread Investment
RepaymentsOfExcessServicingSpreadInvestment
-39257000
CY2014 pmt Initial Interest Rates
InitialInterestRates
More than 4.5%
CY2014 pmt Reimbursement Of Common Overhead Incurred By Affiliate
ReimbursementOfCommonOverheadIncurredByAffiliate
10850
CY2014 pmt Percentage Of Change In Net Income Loss
PercentageOfChangeInNetIncomeLoss
0.08 pure
CY2014 pmt Amount Of Incentive Distribution Rights Earned
AmountOfIncentiveDistributionRightsEarned
100
CY2014 pmt Mortgage Loans Description Of Variable Rate Basis
MortgageLoansDescriptionOfVariableRateBasis
Note interest rate pools of 50 basis points for note interest rates between 3.0% and 4.5% and a single pool for note interest rates below 3%. Adjustable rate mortgage loans with initial interest rates of 4.5% or less are evaluated in a single pool.
CY2014 pmt Loan Fulfillment Servicing And Management Fees Payable To Affiliate
LoanFulfillmentServicingAndManagementFeesPayableToAffiliate
136276000
CY2014 pmt Interest Income On Mortgage Loans Subject To Forward Purchase Agreements
InterestIncomeOnMortgageLoansSubjectToForwardPurchaseAgreements
3584000
CY2014 pmt Reimbursement Of Expenses To Affiliate
ReimbursementOfExpensesToAffiliate
792
CY2014 pmt Service Agreement Maturity Renewal Term
ServiceAgreementMaturityRenewalTerm
18-month periods
CY2014 pmt Change In Fair Value Relating To Mortgage Loans Still Held At Period End
ChangeInFairValueRelatingToMortgageLoansStillHeldAtPeriodEnd
3825000
CY2014 pmt Maximum Equity Based Awards Issuable Percentage Of Issued And Outstanding Shares As Of Grant Date
MaximumEquityBasedAwardsIssuablePercentageOfIssuedAndOutstandingSharesAsOfGrantDate
0.08 pure
CY2014 pmt Representations And Warranties Losses Incurred
RepresentationsAndWarrantiesLossesIncurred
123000
CY2014 pmt Deferred Income Tax Expense Benefit Mortgage Servicing Rights
DeferredIncomeTaxExpenseBenefitMortgageServicingRights
-27996000
CY2014 pmt Servicing Asset At Amortized Cost Additions From Loan Sales
ServicingAssetAtAmortizedCostAdditionsFromLoanSales
73640000
CY2014 pmt Gains Losses On Sales Of Other Real Estate Under Forward Purchase Agreements
GainsLossesOnSalesOfOtherRealEstateUnderForwardPurchaseAgreements
-473000
CY2014 pmt Loan Servicing Fees On Mortgage Loans Subject To Forward Purchase Agreements
LoanServicingFeesOnMortgageLoansSubjectToForwardPurchaseAgreements
516000
CY2014 pmt Percentage Of Taxable Income For Distribution
PercentageOfTaxableIncomeForDistribution
0.90 pure
CY2014 pmt Basis Point For Mortgage Loan
BasisPointForMortgageLoan
0.0050 pure
CY2014 pmt Deferred Income Tax Expense Benefit Other
DeferredIncomeTaxExpenseBenefitOther
-3454000
CY2014 pmt Servicing Asset At Fair Value Additions From Loan Sales
ServicingAssetAtFairValueAdditionsFromLoanSales
47693000
CY2014 pmt Sourcing Fee On Unpaid Principal Balance
SourcingFeeOnUnpaidPrincipalBalance
0.0003 pure
CY2014 pmt Real Estate Acquired In Satisfaction Of Debt
RealEstateAcquiredInSatisfactionOfDebt
364945000
CY2014 pmt Net Results Of Real Estate Acquired In Settlement Of Loans
NetResultsOfRealEstateAcquiredInSettlementOfLoans
-32451000
CY2014 pmt Provisions For Representations And Warranties Losses
ProvisionsForRepresentationsAndWarrantiesLosses
4255000
CY2014 pmt Real Estate Acquired In Satisfaction Of Debt Under Forward Purchase Agreements
RealEstateAcquiredInSatisfactionOfDebtUnderForwardPurchaseAgreements
9369000
CY2014 pmt Purchase Of Real Estate Financed Through Forward Purchase Agreements
PurchaseOfRealEstateFinancedThroughForwardPurchaseAgreements
68000
CY2014 pmt Fair Value Option Non Credit Risk Gains Losses On Assets
FairValueOptionNonCreditRiskGainsLossesOnAssets
-151221000
CY2014 pmt Net Operating Loss Carry Forwards Expiration Date
NetOperatingLossCarryForwardsExpirationDate
2034
CY2014 pmt Gain Loss On Sale Of Mortgage Loans Acquired For Sale Cash Portion
GainLossOnSaleOfMortgageLoansAcquiredForSaleCashPortion
-20989000
CY2014 pmt Aggregate Non Cash Portion Of Gain On Mortgage Loans Acquired For Sale
AggregateNonCashPortionOfGainOnMortgageLoansAcquiredForSale
-3280000
CY2014 pmt Repayments Of Mortgage Loans Under Forward Purchase Agreement At Fair Value
RepaymentsOfMortgageLoansUnderForwardPurchaseAgreementAtFairValue
6413000
CY2014 pmt Assets Gains Losses Recognized
AssetsGainsLossesRecognized
-30034000
CY2014 pmt Mortgage Loan Sourcing Fees From Affiliate
MortgageLoanSourcingFeesFromAffiliate
4676000
CY2014 pmt Mortgage Servicing Rights Recapture From Affiliate
MortgageServicingRightsRecaptureFromAffiliate
9000
CY2014 pmt Excess Servicing Spread Recapture Revenue
ExcessServicingSpreadRecaptureRevenue
7342000
CY2014 pmt Interest Expense Borrowings Under Forward Purchase Agreements
InterestExpenseBorrowingsUnderForwardPurchaseAgreements
2363000
CY2014 pmt Mortgage Loan Hedging Activities Cash Gain Loss
MortgageLoanHedgingActivitiesCashGainLoss
-57161000
CY2014 pmt Transfer Of Mortgage Loans To Reo
TransferOfMortgageLoansToReo
344733000
CY2014 pmt Proceeds From Repayment Of Us Treasury Security
ProceedsFromRepaymentOfUsTreasurySecurity
0
CY2014 pmt Securities Sold Under Agreements To Repurchase Maximum Daily Amount Outstanding
SecuritiesSoldUnderAgreementsToRepurchaseMaximumDailyAmountOutstanding
3203989000
CY2014 pmt Transfer Mortgage Loans Financed To Reo Financed
TransferMortgageLoansFinancedToReoFinanced
2731000
CY2014 pmt Sales Of Mortgage Servicing Rights Carried At Lower Of Amortized Cost Or Fair Value
SalesOfMortgageServicingRightsCarriedAtLowerOfAmortizedCostOrFairValue
289
CY2014 pmt Accrual Of Costs Related To Forward Purchase Agreement
AccrualOfCostsRelatedToForwardPurchaseAgreement
-168000
CY2014 pmt Payments To Purchase Mortgage Loans Held For Sale Affiliates
PaymentsToPurchaseMortgageLoansHeldForSaleAffiliates
8082000
CY2014 pmt Average Balance During Period For Servicing Assets Portfolio
AverageBalanceDuringPeriodForServicingAssetsPortfolio
29709898000
CY2014 pmt Net Gain Loss On Investments
NetGainLossOnInvestments
201809000
CY2014 pmt Weighted Average Servicing Fee Rate Amortized Cost
WeightedAverageServicingFeeRateAmortizedCost
0.0026 pure
CY2014 pmt Deferred Income Tax Expense Benefit Of Liability Losses Under Representation And Warranties
DeferredIncomeTaxExpenseBenefitOfLiabilityLossesUnderRepresentationAndWarranties
5944000
CY2014 pmt Repurchase Of Mortgage Loans Subject To Representation And Warranties
RepurchaseOfMortgageLoansSubjectToRepresentationAndWarranties
-1747000
CY2014 pmt Settled Payments To Purchase Excess Servicing Spread
SettledPaymentsToPurchaseExcessServicingSpread
-95892000
CY2014 pmt Proceeds From Sale Of Mortgage Loan Participation Certificates
ProceedsFromSaleOfMortgageLoanParticipationCertificates
4246892000
CY2014 pmt Repayments Of Mortgage Loan Participation Certificates
RepaymentsOfMortgageLoanParticipationCertificates
4226656000
CY2014 pmt Participating Mortgage Loans Interest Expense
ParticipatingMortgageLoansInterestExpense
912000
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.14
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
14514 shares
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.260 pure
CY2012 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
323000 shares
CY2012 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
19167000
CY2012 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-820400000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
18.91
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
161678 shares
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.044 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
350000 shares
CY2012 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.000 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.000 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
-0.134 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
12.15
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
16.82
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43876000 shares
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.14
CY2012 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.22
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2012 us-gaap Servicing Asset At Fair Value Period Increase Decrease
ServicingAssetAtFairValuePeriodIncreaseDecrease
-852000
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43553000 shares
CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
608184000
CY2012 us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
79000
CY2012 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0
CY2012 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1361000
CY2012 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
112211000
CY2012 us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
0
CY2012 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
138249000
CY2012 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
40799000
CY2012 us-gaap Interest Income Other
InterestIncomeOther
126000
CY2012 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
12700000
CY2012 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
0
CY2012 us-gaap Gain Loss On Investments
GainLossOnInvestments
103649000
CY2012 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
5068000
CY2012 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
142000
CY2012 us-gaap Payments To Purchase Mortgage Loans Held For Sale
PaymentsToPurchaseMortgageLoansHeldForSale
22439514000
CY2012 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
8698000
CY2012 us-gaap Payments Of Dividends
PaymentsOfDividends
94821000
CY2012 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
541696000
CY2012 us-gaap Payments To Acquire Mortgage Servicing Rights Msr
PaymentsToAcquireMortgageServicingRightsMSR
23000
CY2012 us-gaap Other Operating Income
OtherOperatingIncome
12157000
CY2012 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
12948000
CY2012 us-gaap Increase Decrease In Margin Deposits Outstanding
IncreaseDecreaseInMarginDepositsOutstanding
8617000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
186822000
CY2012 us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
TransferOfLoansHeldForSaleToPortfolioLoans1
0
CY2012 us-gaap Other Income
OtherIncome
244000
CY2012 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
2084000
CY2012 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
147675000
CY2012 us-gaap Fair Value Option Credit Risk Gains Losses On Assets
FairValueOptionCreditRiskGainsLossesOnAssets
-24170000
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
52212000
CY2012 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
69649000
CY2012 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
2123000
CY2012 us-gaap Servicing Fees Net
ServicingFeesNet
-754000
CY2012 us-gaap Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
42000
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-102936000
CY2012 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
9969000
CY2012 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Provisions Recoveries
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsProvisionsRecoveries
-7547000
CY2012 us-gaap Payments For Underwriting Expense
PaymentsForUnderwritingExpense
0
CY2012 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0
CY2012 us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
85554
CY2012 us-gaap Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
4482000
CY2012 us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
GainLossOnSalesOfMortgageBackedSecuritiesMBS
612000
CY2012 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
9293000
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
206057000
CY2012 us-gaap Securitization Financial Asset For Which Transfer Is Accounted As Sale Gain Loss On Sale
SecuritizationFinancialAssetForWhichTransferIsAccountedAsSaleGainLossOnSale
0
CY2012 us-gaap Revenues
Revenues
303526000
CY2012 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
136816000
CY2012 us-gaap Net Income Loss
NetIncomeLoss
138249000
CY2012 us-gaap Interest Paid
InterestPaid
31693000
CY2012 us-gaap Interest Income Operating
InterestIncomeOperating
72441000
CY2012 us-gaap Interest And Fee Income Loans Held For Sale Mortgages
InterestAndFeeIncomeLoansHeldForSaleMortgages
19731000
CY2012 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
24943000
CY2012 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-502000
CY2012 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
103037000
CY2012 us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
10982000
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
42127000
CY2012 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-11000
CY2012 us-gaap Interest Expense
InterestExpense
31642000
CY2012 us-gaap Operating Expenses
OperatingExpenses
116704000
CY2012 us-gaap Professional Fees
ProfessionalFees
6053000
CY2012 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
1528000
CY2012 us-gaap Servicing Asset At Amortized Value Additions
ServicingAssetAtAmortizedValueAdditions
133159000
CY2012 us-gaap Debt Related Commitment Fees And Debt Issuance Costs
DebtRelatedCommitmentFeesAndDebtIssuanceCosts
5500000
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
10861000
CY2012 us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
35875000
CY2012 us-gaap Labor And Related Expense
LaborAndRelatedExpense
7144000
CY2012 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
1433000
CY2012 us-gaap Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
104000
CY2012 us-gaap Real Estate Owned Valuation Allowance Provision1
RealEstateOwnedValuationAllowanceProvision1
16942000
CY2012 us-gaap Cash Flows Between Transferee And Transferor Proceeds From New Transfers
CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers
12834002000
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
65387000
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
48573000
CY2012 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
126499000
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
4760000
CY2012 us-gaap Interest Expense Other
InterestExpenseOther
1108000
CY2012 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
28025000
CY2012 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
951009000
CY2012 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
1361000
CY2012 us-gaap Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
10871000
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1686000
CY2012 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-111442000
CY2012 us-gaap Other Expenses
OtherExpenses
9557000
CY2012 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
608184000
CY2012 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
-708000
CY2012 us-gaap Affiliate Costs
AffiliateCosts
7329
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
6446000
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
8140000
CY2012 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
0
CY2012 us-gaap Management Fee Expense
ManagementFeeExpense
12436000
CY2012 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0
CY2012 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-144000
CY2012 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
5460000
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
32818000
CY2012 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
0
CY2012 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
12834001000
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
5067000
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
31266000
CY2012 us-gaap Dividends Common Stock
DividendsCommonStock
94821000
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
542791000
CY2012 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
0
CY2012 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
50000
CY2012 us-gaap Loan Portfolio Expense
LoanPortfolioExpense
18608000
CY2012 us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
11730000
CY2012 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
22754000
CY2012 us-gaap Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
169877000
CY2012 pmt Loan Fulfillment Fees Payable To Affiliate
LoanFulfillmentFeesPayableToAffiliate
62906000
CY2012 pmt Repayment Of Borrowings Under Forward Purchase Agreement
RepaymentOfBorrowingsUnderForwardPurchaseAgreement
157166000
CY2012 pmt Transfer Of Mortgage Loans Under Forward Purchase Agreements To Mortgage Loans
TransferOfMortgageLoansUnderForwardPurchaseAgreementsToMortgageLoans
0
CY2012 pmt Fair Value Purchased Of Mortgage Loans Investment Portfolio Purchases From Or Through One Or More Subsidiaries
FairValuePurchasedOfMortgageLoansInvestmentPortfolioPurchasesFromOrThroughOneOrMoreSubsidiaries
504758000
CY2012 pmt Securities Sold Under Agreements To Repurchase Weighted Average Interest Rate At Period End
SecuritiesSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateAtPeriodEnd
0.0302 pure
CY2012 pmt Services Fee Annual Rate
ServicesFeeAnnualRate
0.0026 pure
CY2012 pmt Gains Losses Recognized Upon Sale Of Other Real Estate
GainsLossesRecognizedUponSaleOfOtherRealEstate
16440000
CY2012 pmt Transfer Of Mortgage Loans Under Forward Purchase Agreements To Reo Under Forward Purchase Agreements
TransferOfMortgageLoansUnderForwardPurchaseAgreementsToReoUnderForwardPurchaseAgreements
7473000
CY2012 pmt Gain Loss On Excess Servicing Spread
GainLossOnExcessServicingSpread
0
CY2012 pmt Transfer Of Interest Rate Lock Commitments To Mortgage Loans Acquired For Sale
TransferOfInterestRateLockCommitmentsToMortgageLoansAcquiredForSale
198848000
CY2012 pmt Transfer From Mortgage Loans Acquired For Sale
TransferFromMortgageLoansAcquiredForSale
18000
CY2012 pmt Securities Sold Under Agreements Available Borrowing Capacity Committed
SecuritiesSoldUnderAgreementsAvailableBorrowingCapacityCommitted
643898000
CY2012 pmt Repayments Of Assets Sold Under Agreements To Repurchase
RepaymentsOfAssetsSoldUnderAgreementsToRepurchase
21252596000
CY2012 pmt Proceeds From Sale Of Other Real Estate Under Forward Purchase Agreements
ProceedsFromSaleOfOtherRealEstateUnderForwardPurchaseAgreements
9912000
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.61
CY2013Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.57
CY2013Q3 us-gaap Revenues
Revenues
86062000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
39701000
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.69
CY2012 pmt Fair Value Of Mortgage Loan Purchased During Year
FairValueOfMortgageLoanPurchasedDuringYear
542766000
CY2012 pmt Convertible Debt Average Balance During Period
ConvertibleDebtAverageBalanceDuringPeriod
0
CY2012 pmt Fair Value Unpaid Principal Balance Of Underlying Loans
FairValueUnpaidPrincipalBalanceOfUnderlyingLoans
161153000
CY2012 pmt Fair Value Of Reo Purchased During Year
FairValueOfReoPurchasedDuringYear
297000
CY2012 pmt Accrual Of Interest On Excess Spread Investment
AccrualOfInterestOnExcessSpreadInvestment
0
CY2012 pmt Fair Value Of Reo Purchased From Or Through One Or More Subsidiaries
FairValueOfReoPurchasedFromOrThroughOneOrMoreSubsidiaries
48000
CY2012 pmt Amortized Cost Unpaid Principal Balance Of Underlying Loans
AmortizedCostUnpaidPrincipalBalanceOfUnderlyingLoans
12254751000
CY2012 pmt Proceeds From Sale Of Mortgage Loans Held For Sale To Affiliates
ProceedsFromSaleOfMortgageLoansHeldForSaleToAffiliates
8864265000
CY2012 pmt Securities Sold Under Agreements Available Borrowing Capacity
SecuritiesSoldUnderAgreementsAvailableBorrowingCapacity
993898000
CY2012 pmt Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Capitalization Of Interest
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisCapitalizationOfInterest
19745000
CY2012 pmt Purchases Of Mortgage Servicing Rights Carried At Lower Of Amortized Cost Or Fair Value
PurchasesOfMortgageServicingRightsCarriedAtLowerOfAmortizedCostOrFairValue
15000
CY2012 pmt Loan Originations Fees
LoanOriginationsFees
10545000
CY2012 pmt Mortgage Servicing Rights Fair Value Purchases
MortgageServicingRightsFairValuePurchases
20000
CY2012 pmt Gain Loss On Sale Of Investment
GainLossOnSaleOfInvestment
612000
CY2012 pmt Interest Expense On Mortgage Loans Subject To Forward Purchase Agreements
InterestExpenseOnMortgageLoansSubjectToForwardPurchaseAgreements
2396000
CY2012 pmt Interest Rate Lock Commitments Issued Net
InterestRateLockCommitmentsIssuedNet
212555000
CY2012 pmt Fair Value Of Mortgage Loans Purchased From Or Through One Or More Subsidiaries
FairValueOfMortgageLoansPurchasedFromOrThroughOneOrMoreSubsidiaries
504710000
CY2012 pmt Aggregate Cash Gain Loss On Sale Of Mortgage Loans Acquired For Sale Net Of Cash Hedging Results
AggregateCashGainLossOnSaleOfMortgageLoansAcquiredForSaleNetOfCashHedgingResults
-43122000
CY2012 pmt Purchases Of Real Estate Acquired In Settlement Of Loans
PurchasesOfRealEstateAcquiredInSettlementOfLoans
48000
CY2012 pmt Capitalization Of Interest And Advances On Mortgage Loans At Fair Value
CapitalizationOfInterestAndAdvancesOnMortgageLoansAtFairValue
19745000
CY2012 pmt Interest Income On Mortgage Financings
InterestIncomeOnMortgageFinancings
49462000
CY2012 pmt Transfer To Mortgage Loans Acquired For Sale
TransferToMortgageLoansAcquiredForSale
18000
CY2012 pmt Effect Of Mortgage Servicing Rights On Loan Servicing Fees
EffectOfMortgageServicingRightsOnLoanServicingFees
11736000
CY2012 pmt Percentage Of Distributions Characterized As Long Term Capital Gain
PercentageOfDistributionsCharacterizedAsLongTermCapitalGain
0.00 pure
CY2012 pmt Increase Decrease In Servicing Advances
IncreaseDecreaseInServicingAdvances
15683000
CY2012 pmt Interest Income Debt Securities
InterestIncomeDebtSecurities
0
CY2012 pmt Securities Sold Under Agreements Available Borrowing Capacity Uncommitted
SecuritiesSoldUnderAgreementsAvailableBorrowingCapacityUncommitted
350000000
CY2012 pmt Note Payable Secured By Mortgage Loans At Fair Value Interest Expense
NotePayableSecuredByMortgageLoansAtFairValueInterestExpense
113000
CY2012 pmt Gain On Sale Of Mortgage Servicing Rights
GainOnSaleOfMortgageServicingRights
0
CY2012 pmt Transfer Of Mortgage Loans Under Forward Purchase Agreements To Mortgage Loans At Fair Value
TransferOfMortgageLoansUnderForwardPurchaseAgreementsToMortgageLoansAtFairValue
117913000
CY2012 pmt Proceeds From Sale Of Assets Under Agreements To Repurchase
ProceedsFromSaleOfAssetsUnderAgreementsToRepurchase
21848769000
CY2012 pmt Payments To Purchase Excess Servicing Spread
PaymentsToPurchaseExcessServicingSpread
0
CY2012 pmt Deferred Income Tax Expense Benefit Of Operating Loss Carryforward
DeferredIncomeTaxExpenseBenefitOfOperatingLossCarryforward
0
CY2012 pmt Asset Backed Secured Financing Interest Expense
AssetBackedSecuredFinancingInterestExpense
0
CY2012 pmt Receipt Of Mortgage Servicing Rights As Proceeds From Sales Of Loans
ReceiptOfMortgageServicingRightsAsProceedsFromSalesOfLoans
134682000
CY2012 pmt Mortgage Loans Sold To Affiliates Unpaid Principal Balance
MortgageLoansSoldToAffiliatesUnpaidPrincipalBalance
8864264000
CY2012 pmt Change In Fair Value Hedging Instruments Still Held At Period End
ChangeInFairValueHedgingInstrumentsStillHeldAtPeriodEnd
2953000
CY2012 pmt Amortization Of Credit Facility Commitment Fees And Debt Issuance Costs
AmortizationOfCreditFacilityCommitmentFeesAndDebtIssuanceCosts
2952000
CY2012 pmt Gains Losses Recognized Upon Sale Of Other Real Estate Under Forward Purchase Agreement
GainsLossesRecognizedUponSaleOfOtherRealEstateUnderForwardPurchaseAgreement
2319000
CY2012 pmt Securities Sold Under Agreements To Repurchase Weighted Average Interest Rate During Period
SecuritiesSoldUnderAgreementsToRepurchaseWeightedAverageInterestRateDuringPeriod
0.0277 pure
CY2012 pmt Sales Of Real Estate Acquired In Settlement Of Loans Under Forward Purchase Agreement
SalesOfRealEstateAcquiredInSettlementOfLoansUnderForwardPurchaseAgreement
9912000
CY2012 pmt Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Accrual Of Unearned Discounts Asset
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAccrualOfUnearnedDiscountsAsset
363000
CY2012 pmt Transfers To Reo
TransfersToReo
21819000
CY2012 pmt Deferred Income Tax Expense Benefit Real Estate Valuation Loss
DeferredIncomeTaxExpenseBenefitRealEstateValuationLoss
5512000
CY2012 pmt Proceeds From Asset Backed Secured Financing
ProceedsFromAssetBackedSecuredFinancing
0
CY2012 pmt Real Estate Owned Under Forward Purchase Agreement Valuation Allowance Provision
RealEstateOwnedUnderForwardPurchaseAgreementValuationAllowanceProvision
449000
CY2012 pmt Base Management Fee
BaseManagementFee
12436000
CY2012 pmt Percentage Of Amortized Cost
PercentageOfAmortizedCost
0.0026 pure
CY2012 pmt Securities Sold Under Agreements To Repurchase Average Balance
SecuritiesSoldUnderAgreementsToRepurchaseAverageBalance
805461000
CY2012 pmt Excess Servicing Spread Rebate From Affiliates
ExcessServicingSpreadRebateFromAffiliates
0
CY2012 pmt Change In Fair Value Of Commitments To Purchase Loans
ChangeInFairValueOfCommitmentsToPurchaseLoans
13707000
CY2012 pmt Increase Decrease Of Excess Servicing Spread Recapture Receivable From Affiliates
IncreaseDecreaseOfExcessServicingSpreadRecaptureReceivableFromAffiliates
0
CY2012 pmt Convertible Debt Interest Expense
ConvertibleDebtInterestExpense
0
CY2012 pmt Loans Fulfilled By Affiliate Unpaid Principal Balance
LoansFulfilledByAffiliateUnpaidPrincipalBalance
13028375000
CY2012 pmt Percentage Of Ordinary Income
PercentageOfOrdinaryIncome
0.83 pure
CY2012 pmt Transfers From Reo Under Forward Purchases Agreements
TransfersFromReoUnderForwardPurchasesAgreements
21819000
CY2012 pmt Proceeds From Sales And Repayments Of Agency Debt
ProceedsFromSalesAndRepaymentsOfAgencyDebt
0
CY2012 pmt Gain Loss On Agency Debt Security
GainLossOnAgencyDebtSecurity
0
CY2012 pmt Proceeds From Sale Of Mortgage Backed Securities Mbs At Fair Value
ProceedsFromSaleOfMortgageBackedSecuritiesMbsAtFairValue
189167000
CY2012 pmt Share Based Compensation Cash And Noncash
ShareBasedCompensationCashAndNoncash
6032000
CY2012 pmt Interest Income Excess Servicing Spread
InterestIncomeExcessServicingSpread
0
CY2012 pmt Purchase Of Mortgage Loans Financed Through Forward Purchase Agreements
PurchaseOfMortgageLoansFinancedThroughForwardPurchaseAgreements
1070000
CY2012 pmt Percentage Of Return Of Capital
PercentageOfReturnOfCapital
0.17 pure
CY2012 pmt Fair Value Purchased Of Mortgage Loans For Investment Portfolio
FairValuePurchasedOfMortgageLoansForInvestmentPortfolio
543063000
CY2012 pmt Related Party Incentive Fee Expense
RelatedPartyIncentiveFeeExpense
0
CY2012 pmt Payments To Purchase Agency Debt Securities
PaymentsToPurchaseAgencyDebtSecurities
0
CY2012 pmt Reimbursement Of Common Overhead Incurred By Affiliate
ReimbursementOfCommonOverheadIncurredByAffiliate
4183
CY2012 pmt Loan Fulfillment Servicing And Management Fees Payable To Affiliate
LoanFulfillmentServicingAndManagementFeesPayableToAffiliate
93950000
CY2012 pmt Interest Income On Mortgage Loans Subject To Forward Purchase Agreements
InterestIncomeOnMortgageLoansSubjectToForwardPurchaseAgreements
996000
CY2012 pmt Reimbursement Of Expenses To Affiliate
ReimbursementOfExpensesToAffiliate
3146
CY2012 pmt Change In Fair Value Relating To Mortgage Loans Still Held At Period End
ChangeInFairValueRelatingToMortgageLoansStillHeldAtPeriodEnd
43691000
CY2012 pmt Representations And Warranties Losses Incurred
RepresentationsAndWarrantiesLossesIncurred
0
CY2012 pmt Repayments Of Excess Servicing Spread Investment
RepaymentsOfExcessServicingSpreadInvestment
0
CY2012 pmt Loan Servicing Fees On Mortgage Loans Subject To Forward Purchase Agreements
LoanServicingFeesOnMortgageLoansSubjectToForwardPurchaseAgreements
1011000
CY2012 pmt Servicing Asset At Fair Value Additions From Loan Sales
ServicingAssetAtFairValueAdditionsFromLoanSales
1508000
CY2012 pmt Real Estate Acquired In Satisfaction Of Debt
RealEstateAcquiredInSatisfactionOfDebt
112642000
CY2012 pmt Gains Losses On Sales Of Other Real Estate Under Forward Purchase Agreements
GainsLossesOnSalesOfOtherRealEstateUnderForwardPurchaseAgreements
1870000
CY2012 pmt Net Results Of Real Estate Acquired In Settlement Of Loans
NetResultsOfRealEstateAcquiredInSettlementOfLoans
1368000
CY2012 pmt Provisions For Representations And Warranties Losses
ProvisionsForRepresentationsAndWarrantiesLosses
4236000
CY2012 pmt Real Estate Acquired In Satisfaction Of Debt Under Forward Purchase Agreements
RealEstateAcquiredInSatisfactionOfDebtUnderForwardPurchaseAgreements
6633000
CY2012 pmt Purchase Of Real Estate Financed Through Forward Purchase Agreements
PurchaseOfRealEstateFinancedThroughForwardPurchaseAgreements
249000
CY2012 pmt Fair Value Option Non Credit Risk Gains Losses On Assets
FairValueOptionNonCreditRiskGainsLossesOnAssets
-78766000
CY2012 pmt Gain Loss On Sale Of Mortgage Loans Acquired For Sale Cash Portion
GainLossOnSaleOfMortgageLoansAcquiredForSaleCashPortion
13918000
CY2012 pmt Aggregate Non Cash Portion Of Gain On Mortgage Loans Acquired For Sale
AggregateNonCashPortionOfGainOnMortgageLoansAcquiredForSale
60351000
CY2012 pmt Repayments Of Mortgage Loans Under Forward Purchase Agreement At Fair Value
RepaymentsOfMortgageLoansUnderForwardPurchaseAgreementAtFairValue
14292000
CY2012 pmt Transfer Of Mortgage Loans To Reo
TransferOfMortgageLoansToReo
109440000
CY2012 pmt Proceeds From Repayment Of Us Treasury Security
ProceedsFromRepaymentOfUsTreasurySecurity
50000000
CY2012 pmt Securities Sold Under Agreements To Repurchase Maximum Daily Amount Outstanding
SecuritiesSoldUnderAgreementsToRepurchaseMaximumDailyAmountOutstanding
1684712000
CY2012 pmt Transfer Mortgage Loans Financed To Reo Financed
TransferMortgageLoansFinancedToReoFinanced
0
CY2012 pmt Sales Of Mortgage Servicing Rights Carried At Lower Of Amortized Cost Or Fair Value
SalesOfMortgageServicingRightsCarriedAtLowerOfAmortizedCostOrFairValue
19
CY2012 pmt Accrual Of Costs Related To Forward Purchase Agreement
AccrualOfCostsRelatedToForwardPurchaseAgreement
3421000
CY2012 pmt Deferred Income Tax Expense Benefit Mortgage Servicing Rights
DeferredIncomeTaxExpenseBenefitMortgageServicingRights
-49420000
CY2012 pmt Servicing Asset At Amortized Cost Additions From Loan Sales
ServicingAssetAtAmortizedCostAdditionsFromLoanSales
133159000
CY2012 pmt Deferred Income Tax Expense Benefit Other
DeferredIncomeTaxExpenseBenefitOther
1781000
CY2012 pmt Mortgage Loan Sourcing Fees From Affiliate
MortgageLoanSourcingFeesFromAffiliate
2505000
CY2012 pmt Mortgage Servicing Rights Recapture From Affiliate
MortgageServicingRightsRecaptureFromAffiliate
0
CY2012 pmt Interest Expense Borrowings Under Forward Purchase Agreements
InterestExpenseBorrowingsUnderForwardPurchaseAgreements
2396000
CY2012 pmt Mortgage Loan Hedging Activities Cash Gain Loss
MortgageLoanHedgingActivitiesCashGainLoss
-57040000
CY2012 pmt Payments To Purchase Mortgage Loans Held For Sale Affiliates
PaymentsToPurchaseMortgageLoansHeldForSaleAffiliates
3622000
CY2012 pmt Average Balance During Period For Servicing Assets Portfolio
AverageBalanceDuringPeriodForServicingAssetsPortfolio
3667941000
CY2012 pmt Net Gain Loss On Investments
NetGainLossOnInvestments
103649000
CY2012 pmt Deferred Income Tax Expense Benefit Of Liability Losses Under Representation And Warranties
DeferredIncomeTaxExpenseBenefitOfLiabilityLossesUnderRepresentationAndWarranties
0
CY2012 pmt Repurchase Of Mortgage Loans Subject To Representation And Warranties
RepurchaseOfMortgageLoansSubjectToRepresentationAndWarranties
0
CY2012 pmt Settled Payments To Purchase Excess Servicing Spread
SettledPaymentsToPurchaseExcessServicingSpread
0
CY2012 pmt Proceeds From Sale Of Mortgage Loan Participation Certificates
ProceedsFromSaleOfMortgageLoanParticipationCertificates
0
CY2012 pmt Repayments Of Mortgage Loan Participation Certificates
RepaymentsOfMortgageLoanParticipationCertificates
0
CY2012 pmt Participating Mortgage Loans Interest Expense
ParticipatingMortgageLoansInterestExpense
0
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.90
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.90
CY2013Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.57
CY2013Q1 us-gaap Revenues
Revenues
107816000
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
53296000
CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.50
CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.52
CY2014Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.59
CY2014Q1 us-gaap Revenues
Revenues
76595000
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
37873000
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.86
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.92
CY2013Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.57
CY2013Q2 us-gaap Revenues
Revenues
115553000
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
54497000
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.93
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.01
CY2014Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.59
CY2014Q2 us-gaap Revenues
Revenues
120556000
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
75211000
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.57
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.74
CY2014Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.61
CY2014Q3 us-gaap Revenues
Revenues
106530000
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
54949000
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.69
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.74
CY2013Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.16
CY2013Q4 us-gaap Revenues
Revenues
96087000
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
52696000
CY2014Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
CY2014Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35
CY2014Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.61
CY2014Q4 us-gaap Revenues
Revenues
53059000
CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
26511000

Files In Submission

Name View Source Status
0001193125-15-072564-index-headers.html Edgar Link pending
0001193125-15-072564-index.html Edgar Link pending
0001193125-15-072564.txt Edgar Link pending
0001193125-15-072564-xbrl.zip Edgar Link pending
d839354d10k.htm Edgar Link pending
d839354dex10101.htm Edgar Link pending
d839354dex10130.htm Edgar Link pending
d839354dex10133.htm Edgar Link pending
d839354dex1020.htm Edgar Link pending
d839354dex108.htm Edgar Link pending
d839354dex211.htm Edgar Link pending
d839354dex231.htm Edgar Link pending
d839354dex311.htm Edgar Link pending
d839354dex312.htm Edgar Link pending
d839354dex321.htm Edgar Link pending
d839354dex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
pmt-20141231.xml Edgar Link completed
pmt-20141231.xsd Edgar Link pending
pmt-20141231_cal.xml Edgar Link unprocessable
pmt-20141231_def.xml Edgar Link unprocessable
pmt-20141231_lab.xml Edgar Link unprocessable
pmt-20141231_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R100.htm Edgar Link pending
R101.htm Edgar Link pending
R102.htm Edgar Link pending
R103.htm Edgar Link pending
R104.htm Edgar Link pending
R105.htm Edgar Link pending
R106.htm Edgar Link pending
R107.htm Edgar Link pending
R108.htm Edgar Link pending
R109.htm Edgar Link pending
R11.htm Edgar Link pending
R110.htm Edgar Link pending
R111.htm Edgar Link pending
R112.htm Edgar Link pending
R113.htm Edgar Link pending
R114.htm Edgar Link pending
R115.htm Edgar Link pending
R116.htm Edgar Link pending
R117.htm Edgar Link pending
R118.htm Edgar Link pending
R119.htm Edgar Link pending
R12.htm Edgar Link pending
R120.htm Edgar Link pending
R121.htm Edgar Link pending
R122.htm Edgar Link pending
R123.htm Edgar Link pending
R124.htm Edgar Link pending
R125.htm Edgar Link pending
R126.htm Edgar Link pending
R127.htm Edgar Link pending
R128.htm Edgar Link pending
R129.htm Edgar Link pending
R13.htm Edgar Link pending
R130.htm Edgar Link pending
R131.htm Edgar Link pending
R132.htm Edgar Link pending
R133.htm Edgar Link pending
R134.htm Edgar Link pending
R135.htm Edgar Link pending
R136.htm Edgar Link pending
R137.htm Edgar Link pending
R138.htm Edgar Link pending
R139.htm Edgar Link pending
R14.htm Edgar Link pending
R140.htm Edgar Link pending
R141.htm Edgar Link pending
R142.htm Edgar Link pending
R143.htm Edgar Link pending
R144.htm Edgar Link pending
R145.htm Edgar Link pending
R146.htm Edgar Link pending
R147.htm Edgar Link pending
R148.htm Edgar Link pending
R149.htm Edgar Link pending
R15.htm Edgar Link pending
R150.htm Edgar Link pending
R151.htm Edgar Link pending
R152.htm Edgar Link pending
R153.htm Edgar Link pending
R154.htm Edgar Link pending
R155.htm Edgar Link pending
R156.htm Edgar Link pending
R157.htm Edgar Link pending
R158.htm Edgar Link pending
R159.htm Edgar Link pending
R16.htm Edgar Link pending
R160.htm Edgar Link pending
R161.htm Edgar Link pending
R162.htm Edgar Link pending
R163.htm Edgar Link pending
R164.htm Edgar Link pending
R165.htm Edgar Link pending
R166.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R85.htm Edgar Link pending
R86.htm Edgar Link pending
R87.htm Edgar Link pending
R88.htm Edgar Link pending
R89.htm Edgar Link pending
R9.htm Edgar Link pending
R90.htm Edgar Link pending
R91.htm Edgar Link pending
R92.htm Edgar Link pending
R93.htm Edgar Link pending
R94.htm Edgar Link pending
R95.htm Edgar Link pending
R96.htm Edgar Link pending
R97.htm Edgar Link pending
R98.htm Edgar Link pending
R99.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending